This Is Not a Drill! Apollo Micro Is Flying While the Market Naps
While most of the market has been dragging its feet this August, a few smallcap stocks have quietly pulled off something big and if you’re holding any of them, you’re probably smiling today.
ALSO READ: Work 90 HOURS a Week? Lucy Guo Did — and She’s Now Worth Billions
The rally comes even as benchmark indices Sensex and BSE Smallcap have declined by 1% and 3%, respectively, in August — underlining the stock-specific momentum in select smallcap counters.
Apollo Micro Systems Leads the Rally
Shares of Apollo Micro Systems soared 12% on Friday to hit a new high of ₹271.60 on the BSE, extending its monthly gain to a massive 56%. The aerospace and defence firm witnessed a combined 33.62 million shares traded across BSE and NSE, signaling strong market confidence.
Here’s a Quick Look at the Big Movers of August:
Stock | August Gain | Friday’s High (BSE) | Sector |
---|---|---|---|
Apollo Micro Systems | +56% | ₹271.60 | Aerospace & Defence |
HBL Engineering | ~48% | New 52-week high | Electricals/Engineering |
Shaily Engineering Plastics | ~39% | New 52-week high | Plastics/Manufacturing |
Times Group India | ~36% | New 52-week high | Media & Entertainment |