Shares of Apollo Micro Systems surged as much as 13% to hit an intraday high of Rs 400 on the BSE on Monday, extending their sharp rally. The multibagger stock has gained 33% so far in May and has advanced in five of the last six trading sessions. The gains come after the company reported a robust set of numbers for the fourth quarter of financial year 2026. The company reported a massive 163% jump in consolidated net profit for the March quarter at Rs 36.8 crore, compared with Rs 14 crore in the same quarter last year. Revenue from operations also soared 81% year-on-year to Rs 293.3 crore from Rs 161.8 crore.For FY26, Apollo Micro Systems reported strong growth across major financial parameters. Consolidated profit rose 90% year-on-year to Rs 107.4 crore from Rs 56.4 crore in FY25, while revenue from operations jumped 61% to Rs 904.3 crore compared with Rs 562.1 crore in the previous year, according to a regulatory filing.Supporting its growth outlook, the company’s consolidated order book stood at Rs 1,432 crore as of March 31, 2026, reflecting healthy business visibility for the coming periods.Managing Director Baddam Karunakar Reddy described FY26 as a “breakthrough year” for the company, driven by record revenue and profitability, the successful acquisition of IDL Explosives through ADIPL, the receipt of a DPIIT licence for UAV manufacturing, and the company securing its first export order.Reddy also said 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 are technicals saying?Apollo Micro Systems has witnessed a strong breakout above the crucial Rs 355 resistance zone backed by sharp volume expansion, indicating fresh momentum buying and continuation of the ongoing uptrend, said Virat Jagad, Senior Technical Research Analyst, at Bonanza Portfolio.“The stock is trading above all major EMAs, reflecting strong bullish structure across short- and long-term time frames, while RSI is sustaining above 60, supporting positive momentum despite minor volatility,” he said.Investors can consider fresh buying with a stop loss of Rs 340, while upside target should be placed at Rs 385 and Rs 400, the analyst added. “Sustained trade above Rs 355 can further accelerate bullish momentum in coming sessions,” he further said. The stock has emerged as a multibagger, gaining 185% over the past one year. Apollo Micro Systems currently has a market capitalisation of Rs 14,145 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)