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DefenceManufacturingHigh impactPre-market

Apollo Micro Systems to acquire 41.33% stake in Premier Explosives

pre-market1 source ↓written by the desknot a recommendation

in Premier Explosives
41.33% stake
Premier Explosives
₹1,550 crore
deal involves purchasing
2,22,21,735 shares
each
₹698
pending regulatory approvals
4-5 months

Apollo Micro Systems has signed a share purchase agreement to acquire a 41.33% stake in Premier Explosives for ₹1,550 crore. The deal involves purchasing 2,22,21,735 shares at ₹698 each, expected to close in 4-5 months pending regulatory approvals. This acquisition aims to enhance capabilities in defence systems under the Aatmanirbhar Bharat initiative.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 14 Sept 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

APOLLO closed −8.4% on the day of the news, from ₹422.25 to ₹386.60; Nifty −1.2% over the same session.

Bulletin at 07:03 IST on 14 Sept 2026. Every change is measured from ₹422.25, the last close before it, on 11 Sept. Nifty 50 is measured over the same sessions.

  • APOLLO close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
APOLLO closes around the bulletin against the close before the news, with Nifty 50 rebased to it341.35422.25503.15axis spans 47%before the news · 11 Sept422.25Nifty 50APOLLObulletinD0+1+3+57 Sept18 Sept29 SeptReference close ₹422.25. 16 sessions from 7 Sept to 29 Sept; the price axis spans 47 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before11 Sept₹422.25basebase
On the day15 Sept₹386.60▼ −8.4%▼ −1.2%−7.3 pp difference
+1 session16 Sept₹370.35▼ −12.3%▼ −0.8%−11.5 pp difference
+3 sessions18 Sept₹370.70▼ −12.2%▼ −0.2%−12.0 pp difference
+5 sessions22 Sept₹406.75▼ −3.7%▼ −0.3%−3.4 pp difference
Gap at the open, % · ₹
▲ +0.5%+2.11 on 15 Sept
Day's range, % · ₹
9.6%≈ 41 high to low
Volume on the day
1.63×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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