Apollo Micro Systems Share Price Gains Nearly 3% on June 30, 2026, After 6% Rally; Here's Why

Apollo Micro Systems share price extended its gains on Tuesday, June 30, after rallying more than 6% in the previous trading session.  

According to a Moneycontrol, Bharat Electronics Ltd (BEL) is likely to receive a ₹30,000 crore order for the Quick Reaction Surface-to-Air Missile (QRSAM) programme. 

Why Is Apollo Micro Systems Share Price Rising? 

Apollo Micro Systems share price has remained in focus after reports indicated that Bharat Electronics Ltd (BEL) is likely to receive a ₹30,000 crore order for the Quick Reaction Surface-to-Air Missile (QRSAM) programme in the coming weeks, subject to government approval. 

Apollo Micro Systems is among the key suppliers for the QRSAM programme to Bharat Electronics Ltd (BEL) and Bharat Dynamics Ltd (BDL). 

What Is the QRSAM Programme? 

QRSAM, or Quick Reaction Surface-to-Air Missile, is an indigenously developed missile system designed to engage and neutralise highly manoeuvring aerial targets. The programme is intended to strengthen India's air defence capabilities through rapid-response missile systems. 

Apollo Micro Systems Board Meeting on July 6 

Apollo Micro Systems has informed the exchanges that its Board of Directors will meet on July 6, 2026, to consider a proposal for the issuance of equity shares and/or convertible securities, including warrants, on a preferential basis. 

The board is also expected to consider the issue price and other terms of the proposed fundraising, subject to applicable regulatory and shareholder approvals. 

FII Holding Increased Stake in Apollo Micro Systems 

Foreign Institutional Investors (FIIs) increased their stake in Apollo Micro Systems to 3.64% in the March 2026 quarter from 0.93% in the corresponding quarter of the previous year. 

During the same period, the stock advanced around 95%, rising from approximately ₹197 to ₹385. 

Read More: Apollo Micro Systems, Astra Microwave, Paras Defence and Others Share Price Surge Upto 11% as Defence Minister Aims to Double Private Sector Participation 

Apollo Micro Systems Share Price Performance 

As of June 30, 2026, at 11:32 AM, Apollo Micro Systems share price was trading at ₹418.60 each on the NSE, up ₹11.45 or 2.81%. The stock opened at ₹409.50, touched an intraday high of ₹426.80, and a low of ₹409.25.  

The company's market capitalisation stood at ₹14,956.81 crore. 

The stock has delivered an absolute return of 2.86% over the past 1 week, 2.35% over 1 month, and 51.67% on a year-to-date basis, outperforming the Nifty Total Market Index across these periods. 

Conclusion 

Apollo Micro Systems share price extended its gains on June 30 after a strong rally in the previous session. Investor attention remained on reports regarding BEL's proposed ₹30,000 crore QRSAM programme order, while the company's scheduled board meeting on July 6 to consider a preferential issue also remained in focus. 

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