New Delhi, Dec. 22 -- Multibagger defence stock Apollo Micro Systems continued to remain higher for the third straight session on Monday, December 22, hitting another 5% upper circuit limit at Rs.249.80 apiece.

This marked its second consecutive upper circuit as investor sentiment improved following key technology approvals from DRDO, enhancing the company's defence capabilities and long-term growth prospects.

The company, in its regulatory filing today, announced that it has received approvals from the Defence Research & Development Organisation (DRDO) for two distinct Transfers of Technology (ToT) relating to Laser-Based Directed Energy Weapon (DEW) systems and the EO Tracking System for DEW, subject to the fulfilment of prescribed co...