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Defence stock below Rs 500 opens in green even as markets decline, here's what's behind the rally

Shares of defence company Apollo Micro Systems opened in green even as the stock market declined amid high crude oil prices and global uncertainties. The stock opened gap up at Rs 390.70, with a gain of Rs 16.8 or 4.49 per cent from the previous close of Rs 373.90 on the BSE. It continued to gain, and amid a spurt in volume by more than 1.83 times, it hit an intraday high of Rs 410, representing a gain of Rs 36.1 or 9.65 per cent. Last seen, the stock traded at Rs 395.55, up 21.85 or 5.84 per cent. The market cap of the company stood at Rs 14,681.90 crore. The stock has a 52-week high of Rs 466.70, hit on July 3, 2026 and a 52-week low of Rs 180.80, touched on March 30, 2026.