New Delhi, Oct. 29 -- Shares of Apollo Micro Systems gained 4% in afternoon trade on Wednesday, October 29, hitting the day's high of Rs.286.90 apiece after the company secured multiple defence orders. The announcement also helped the stock snap its two-day losing streak.

In an exchange filing today, the company informed investors that it had received cumulative orders worth Rs.184.33 million from the DRDO, defence public sector undertakings, and private companies.

The company's shares have been on investors' radar in recent months, as its growing order book, strategic partnerships, and improving financials have attracted Dalal Street investors to add the stock to their portfolios.

It has recently strengthened its defence and cybersecu...