FII bought 1,67,000 shares of drone stock held by Shankar Sharma: This micro-cap company bags new order from Tata Community Initiatives Trust (TCIT)

The stock is up by 75 per cent from its 52-week low of Rs 111.15 per share.

DroneAcharya Aerial Innovations Ltd has partnered with Tata Community Initiatives Trust (TCIT) to empower 20 individuals through a skill-training program in DGCA-certified Drone Pilot Training. This generous sponsorship by TCIT reflects its commitment to community development and aligns perfectly with DroneAcharya's mission to equip people with cutting-edge skills for the evolving job market.

This transformative learning experience not only promises to equip these 20 participants but also holds the potential to expand across TCIT's pan-India centres, creating a ripple effect of empowerment. Both organizations express immense gratitude for this collaboration, acknowledging the shared vision of transforming lives through education and skill development. Together, DroneAcharya and TCIT are ready to take flight, soaring towards a future where individual and community success truly takes off.

Earlier, in a landmark collaboration, DroneAcharya Aerial Innovations secured a prestigious contract from the Indian Army to provide capacity building and advanced drone training, including utilizing drones for disaster management, showcasing its commitment to national defence while empowering military personnel with cutting-edge capabilities, further underscored by its recent tender win for advanced drone pilot training and GIS training in the Northern Command.

Today, shares of DroneAcharya Aerial Innovations Ltd gained 1.66 per cent to Rs 192.45 per share from its previous closing of Rs 189.30 with an intraday high of Rs 94 and an intraday low of Rs 189.30. The stock is up by 75 per cent from its 52-week low of Rs 111.15 per share.

Aamir Khan invested Rs 25 lakh to purchase 46,600 shares during the pre-IPO fundraising round, and Ranbir Kapoor spent approximately Rs 20 lakh to purchase 37,200 shares. Additionally, an ace investor, Shakar Sharma owns 4,57,000 shares or 1.91 per cent stake in the company.  

Recently, BofA Securities Europe Sa, an FII bought 1,67,000 shares at Rs 188 per share aggregating to Rs 3,13,96,000 or 3.14 crore. (BofA Securities Europe SA operates as an institutional broker. The Company offers fixed income, currency, and commodities financial instruments dealing, as well as investment banking advisory, underwriting, and post-trade related services. BofA Securities Europe SA serves customers worldwide).

The company announced that it entered into Defence and Space Technologies, the Management of DroneAcharya expects a 50 to 70 per cent CAGR (Compound Annual Growth Rate), and 20 to 25 per cent PAT (Profit After Taxes) in the next 3 years from Defence and Space Technologies. The company has a market cap of Rs 462 crore and investors should keep an eye on this micro-cap drone stock.