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DroneAcharya Aerial Innovations Ltd a Small Cap company has recently announced that they have bagged 3 orders across India from different clients. It is wise to keep an eye on this small cap drone company.
3 Orders Bagged by DroneAcharya Aerial Innovations
Drone controllers to the Northern Command :
DroneAcharya Aerial Innovations Ltd has received an order to supply drone controllers to the Northern Command, which is a major milestone for them in supporting defense efforts. Bagging the order is a clear indication of how confident Northern Command is in the capabilities of the company. Even DroneAcharya Aerial Innovations Ltd does its role by carefully designing the controllers to be dependable, efficient, and suitable for crucial defense tasks. They are very fast and dedicated in adapting the requirements of defense operations.
Undeniably this order from Northern Command is a clear evidence of their commitment in providing high standard controllers and their contribution to national security efforts.
To Provide Precision Mapping System :
DroneAcharya Aerial Innovations Ltd has an agreement with Earthtree Enviro Pvt Ltd to provide a Precision Mapping System which is intended to improve the precision and accuracy of data collection in agricultural and environmental sectors. This Mapping system makes use of advanced sensors and imaging technology to collect accurate information related to soil and crop health, vegetation density, and environmental conditions. Data derived from Precision Mapping System is used in improving land management practices, maximizing crop yields, and supporting efforts to conserve biodiversity.
IT Hardware :
DroneAcharya as a prominent company which has extraordinary capabilities drone technology will provide provide information technology (IT) hardware for the establishment of a new Drone Lab by the Indian Army in the region of Jammu and Kashmir. Their partnership with the Indian Army reinforces DroneAcharya’s dedication to supporting national defense initiatives while also promoting accessibility to advanced technology. They are playing crucial role in contributing to the Indian Army’s efforts to modernize its capabilities and infrastructure.
DroneAcharya Aerial Innovations Ltd was listed on Stock market in the month of December 2022. At the time of listing stock price was around ₹ 103. With in the first two months of its launch, stock price has seen exponentially growth and the stock has registered an high of ₹ 250. From there the stock has seen a huge correction, in the next two months stock price came to around ₹ 122.
If you look at the daily Time frame, DroneAcharya Aerial Innovations Ltd share is down trend from the end of 2023. But the news of company bagging 3 orders has created a demand for the stock. From a low of ₹ 124, stock has seen good rally and the stock is now trading at ₹ 144.
Bollywood Superstars Aamir Khan and Ranbir Kapoor invested money in the company before its initial public offering (IPO) i.e. pre-IPO fund raising. Aamir Khan invested Rs 25 lakh to buy 46,600 shares, while Ranbir Kapoor spent around Rs 20 lakh to acquire 37,200 shares.
Famous investor, Shankar Sharma roughly holds around 4,57,000 shares of the company, which represents a 1.91 percent ownership stake in the company.
In the month of December 2023, a FII (foreign institutional investor) named BofA Securities Europe Sa, purchased 1,67,000 shares of the company at Rs 188 per share, amounting to a total investment of ₹ 3.14 crore.
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