Apollo Micro Systems shares surged to a record high. The defence firm reported a 163% jump in Q4 net profit and 81% revenue growth. Full-year profit rose 90% and revenue increased 61%. The company’s order book stands at Rs 1,432 crore. Managing Director called FY26 a breakthrough year driven by acquisitions and new licenses.
Asian stocks fall, oil gains as US strikes Iran
US forces launched fresh strikes on Iran, escalating geopolitical risks and sending oil prices up over 2%. This development, coupled with a renewed selloff in