Shares of multibagger Apollo Micro Systems are up 13% in May alone, up 33%. What does the chart say?

Shares of Apollo Micro Systems continued their sharp rally, surging as much as 13 per cent to an intra-day high of Rs 400 on the BSE on Monday. The multibagger stock is up 33% so far in May and has risen in five of the last six trading sessions.

These gains come after the company reported solid numbers for the fourth quarter of fiscal 2026. The company reported a significant rise of 163 per cent in its consolidated net profit for the March quarter at Rs 36.8 crore compared to Rs 14 crore in the same quarter last year. Operating revenue also increased by 81% compared to the same period last year, from 161.8 million rupees to 293.3 billion rupees.

In FY26, Apollo Micro Systems reported strong growth across key financial parameters. Consolidated profit rose 90% year-on-year to Rs 107.4 billion from Rs 56.4 billion in FY25, while revenue from operations rose 61% to Rs 904.3 billion compared to Rs 562.1 billion in the previous year, according to a regulatory filing.

Supporting its growth prospects, the company’s consolidated order book stood at Rs 1,432 crore as on March 31, 2026, reflecting healthy business visibility for the coming period.

Managing Director Baddam Karunakar Reddy described FY26 as a “breakthrough year” for the company, driven by record revenue and profitability, successful acquisition of IDL Explosives through ADIPL, acquisition of DPIIT license for UAV manufacturing and securing the company’s first export order.

Reddy also said that another acquisition through ADIPL is likely to be completed before the end of the next financial year, which could further enhance the company’s capabilities and future growth prospects.

What do the technicians say?

Virat Jagad, Senior Technical Research Analyst, Bonanza Portfolio, said Apollo Micro Systems witnessed a strong breakout above the important Rs 355 resistance zone on the back of rapid volume expansion, indicating fresh momentum buying and continuation of the ongoing upward trend. “Stocks are trading above all major EMAs, reflecting a strong bullish structure over both short and long time frames and RSI remains above 60 supporting positive momentum despite minor volatility,” he said.

Investors may consider fresh purchases with a stop loss of Rs 340, while upside targets should be placed at Rs 385 and Rs 400, the analyst added. “Sustained trading above Rs 355 could further accelerate the bullish momentum in the coming sessions,” he added.

The stock has emerged as a multibagger, rising 185% over the past year. Apollo Micro Systems’ current market capitalization is Rs 14,145 crore.

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