Agri-Drone Stock Jumps Over 10 Per Cent as The Company Announces Kisan Drones Pvt Ltd; Launching 100+ Stores Across India in Two Years
The stock is up by 40 per cent from its 52-week low of Rs 91.25 per share.
Ram Info Limited, a leading technology solutions provider, has taken a significant step to modernize Indian agriculture with the launch of Kisan Drones Private Limited. This innovative drone service platform aims to enhance farming practices and productivity through precise field mapping and efficient fertilizer spraying. Kisan Drones is designed as a "Drone-as-a-Service" platform, offering a comprehensive range of benefits to farmers. The drones will be deployed across agricultural fields, providing valuable data for decision-making and optimizing operations. By leveraging technology, Kisan Drones seeks to boost agricultural output and streamline farming practices.
To foster a robust drone ecosystem, Kisan Drones will focus on supporting farmers at the grassroots level. The initiative will provide access to high-quality drones, maintenance services, and training for new drone pilots. Additionally, Kisan Drones will offer financial assistance and guidance to drone entrepreneurs, creating a one-stop shop for those looking to enter the industry. The company plans to establish 100 centers across multiple states in the next two years, offering different store types to cater to farmers' specific needs. Kisan Drones aims to create over 1000 entrepreneurs in Andhra Pradesh and Telangana within 12-18 months. By connecting drone service centres with qualified drone operators, the initiative will contribute to job creation and economic growth. Furthermore, Kisan Drones will play a crucial role in bridging the gap between the demand for drone services and the capabilities of producers, ensuring a seamless and efficient market.
Kisan Drones represent a major advancement in Indian agriculture, promising to revolutionize farming practices and improve yields. By leveraging technology and supporting farmers at all levels, Kisan Drones is poised to become a driving force in the modernization of the agricultural sector.
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About the Company
Ram Info Limited, a seasoned player with three decades of experience in e-governance and tech solutions, is listed on the BSE (530951). They cater to diverse sectors across India, including government, fintech, healthcare, smart energy, IoT, analytics, and engineering. Renowned for its e-governance, smart lighting, telemedicine, and agro-logistics initiatives, Ram Info also champions skill development and education programs in the government sector. As part of its 2.0 journey, Ram Info is leveraging AI and Machine Learning to explore new horizons and build comprehensive, multi-vertical ecosystems.
On Monday, shares of Ram Info Ltd rocketed over 10 per cent to an intraday high of Rs 133.80 per share from its previous closing of Rs 117.10. The stock’s 52-week high is Rs 169.10 and its 52-week low is Rs 91.25. At the closing bell, shares of the company were trading at Rs 127.85 per share, up 9.18 per cent with a spurt in volume by more than 10.12 times on BSE.
The company has a market cap of Rs 96.43 crore and has delivered good profit growth of 28.2 per cent CAGR over the last 5 years. Additionally, the company reported positive numbers in its Quarterly Results and annual results. The shares of the company have a PE of 17x whereas the industry PE is 40x. The stock is up by 40 per cent from its 52-week low of Rs 91.25 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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