Systematix initiated coverage of Apollo Micro Systems with a Buy rating and Rs 570 target, citing defence-system integration, a Rs 12,000-crore opportunity, capacity expansion, acquisitions and strong earnings growth, while flagging execution, working-capital and tender-related risks.
Systematix initiated coverage of Apollo Micro Systems with a Buy rating and Rs 570 target, citing defence-system integration, a Rs 12,000-crore opportunity, capacity expansion, acquisitions and strong earnings growth, while flagging execution, working-capital and tender-related risks.
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