Market movement
Apollo Micro Systems shares tumbled as much as 8.5%–9%, reaching an intraday low of ₹278.20 on Monday, following a 2.5% drop in the prior session. The decline pointed to mounting profit-booking pressure in the market after a strong rally in recent weeks.
Technical signals and momentum shift
The sharp decline comes on the back of a remarkable rally — up 62% in the past month and 175% over the last year. Technically, the stock still trades above key simple moving averages, but its Relative Strength Index (RSI) indicates short-term overbought conditions, prompting the current pullback.
Recent performance context
Just days ago, on September 3, the stock surged nearly 4%, hitting a 52-week high at ₹303. That rise followed a strong multi-day rally that attracted heavy retail and institutional interest. The latest reversal suggests that traders who had entered during earlier lows are now locking in gains.
Analyst and investor insight
At present, there is no clear analyst commentary or fresh fundamental trigger guiding the sell-off. The slide appears to be driven primarily by investors booking profits after the sustained uptrend, rather than any negative news related to the company’s core operations.