1:1 Bonus Shares Announced & PAT Jumps Over 1,100 Per Cent: Promoters-Backed Multibagger Drone Stock Jumps 9.60 Per Cent On October 24
The stock gave multibagger returns of over 1,400 per cent returns from its 52-week low of Rs 215 per share.
On Thursday, shares of Kody Technolab Limited gained 9.6 per cent to Rs 3,287 per share from its previous closing of Rs 2,999.95 per share. The company has a market cap of over Rs 2,000 crore with an ROE of 24 per cent and an ROCE of 28 per cent. The company is backed by promoters as they own over 73 per cent stake in the company. The stock gave multibagger returns of over 1,400 per cent returns from its 52-week low of Rs 215 per share.
Kody Technolab Limited is a leading, publicly traded robotics and AI solutions provider, specializing in enterprise-level projects and mobile application development. Known for its expertise in artificial intelligence, machine learning and advanced robotics, Kody Technolab has delivered over 250 projects to clients in more than 30 countries. The company’s commitment to innovation continues to set new standards in customer engagement and intelligent automation solutions worldwide.
The Board of Directors of the company have announced bonus shares in the ratio 1:1 i.e., 1 bonus share that has a face value of Rs 10 for every 1 equity share that has a face value of Rs 10 each held by shareholders as of record date (to be determined by the Board) and to the eligible warrant holders upon conversion of warrants.
According to half-yearly results, the net sales increased by 559 per cent to Rs 4,028.86 lakh and net profit increased by 1,169 per cent to Rs 1,020.29 lakh in H1FY25 compared to H1FY24. The company reported net sales of Rs 2,323.45 lakh and profit of Rs 488.87 lakh in FY24.
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Earlier, the company partnered with Indowings and Ray Nano Science and Research Center to develop an intelligent agricultural drone capable of precision spraying with a capacity of 20 to 50 litres. This drone, equipped with advanced AI features like binocular environment perception, LiDAR, and millimetre wave radar, is designed for both rugged terrains and flat farmlands, making it the largest agricultural drone in India. Its primary application is the efficient distribution of nano urea, aiming to optimize fertilizer use and reduce environmental impact. This groundbreaking innovation addresses the critical challenges faced by Indian agriculture, including inefficient resource use and declining productivity. By enabling precision spraying and providing data-driven insights, the drone will help farmers optimize inputs, reduce waste, improve crop health, and boost yields. This partnership aligns with India’s Vision 2047 initiative, supporting the nation’s green growth and sustainability goals.
Investors should keep an eye on this drone stock.
Disclaimer: The article is for informational purposes only and not investment advice.