New Delhi, May 28 -- Multibagger defence stock Apollo Micro Systems surged 15% in intraday trade on Wednesday, May 28, to a fresh record high following a massive order win.

The BSE Smallcap stock gained for the second straight session, rising as much as 24% in just two days. Meanwhile, in May alone, Apollo Micro Systems shares have rallied over 46% amid a strong surge in defence counters following Operation Sindoor and hopes of an increase in defence order book.

Apollo Micro Systems stock opened at Rs.157.15 apiece, slightly higher than its last close of Rs.155.80 per share. However, as the session progressed, the stock surged to the day's high of Rs.179, also its 52-week high level, recording gains of 14.9%.

This sharp rally can be at...