New Delhi, Nov. 25 -- Apollo Micro Systems share price rallied over 3% on Tuesday after the company announced the receipt of an order from DRDO. The defence stock gained as much as 3.71% to Rs.269.50 apiece on the BSE.

The aerospace and defence company Apollo Micro Systems said that it received two orders totalling to Rs.27.37 crore. The first order is worth Rs.5.77 crore from the Defence Research and Development Organisation (DRDO), while the second order was from a private company amounting to Rs.21.6 crore.

"We wish to inform you that Apollo Micro Systems Limited has received orders amounting to INR 57.69 Million from DRDO and INR 216.00 Million from Private Company, in the normal course of business," Apollo Micro Systems said in a r...