Apollo Micro Systems completes blast trials for Limpet mines, shares gain 12%

Apollo Micro Systems shares surged Thursday on the back of the defence tech company announcing successful completion of blast trials for Limpet mines.

“Limpet mines are diver carried mines used in naval defence. We are the only Indian company who has successfully developed this product for Indian Navy,” Apollo Micro Systems said in a filing. The company’s shares closed 11.83% higher at ₹232.55 apiece on the BSE.