FIIs bought 1,71,000 shares: Heavy buying drone stock gains over 8 per cent as it opens fourth DGCA-certified drone pilot training center In Jaipur

This expansion is part of our franchise initiative in partnership with Subhkhyati Aerospace Pvt Ltd.

DroneAcharya Aerial Innovations Ltd, India's highest-rated DGCA-certified drone pilot training center, headquartered in Pune, Maharashtra, is pleased to announce the opening of its fourth training center in Jaipur, Rajasthan. This expansion is part of our franchise initiative in partnership with Subhkhyati Aerospace Pvt Ltd.

Apart from Jaipur, DroneAcharya has DGCA-certified drone pilot training centers in Maharashtra, Gujarat, and Punjab, along with non-DGCA-certified drone-centric courses in Mumbai and Bengaluru. With the addition of the Jaipur center, we aim to train the youth of Rajasthan and adjoining states, nurturing talent for the drone industry, which is in high demand for trained and certified professionals such as drone pilots, data analysts, developers, and entrepreneurs.

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About DroneAcharya Aerial Innovations Ltd

DroneAcharya Aerial Innovations Ltd. is a leading provider of drone-based solutions, dedicated to pushing the boundaries of innovation in aerial technologies and AI-driven applications. With a focus on delivering cutting-edge solutions, DroneAcharya is committed to transforming industries through the integration of drones and automation. As of March 2024, FIIs bought 1,71,000 shares and increased their stake to 2.02 per cent compared to 1.31 per cent in September 2023. 

According to the half-yearly results, the net sales increased by 998.01 per cent to Rs 20.9 crore, profit before tax increased by 2,934.05 per cent to Rs 5.34 and PAT increased by 2,934.47 per cent to Rs 4 crore in H1FY24 compared to H1FY23.

According to its annual results, the net sales increased by 417.3 per cent to Rs 18.57 crore and net profit increased by 736.6 per cent to Rs 3.43 crore in FY23 compared to FY22. The company has a market cap of Rs 393 crore and investors should keep an eye on this micro-cap drone stock.

Disclaimer: The article is for informational purposes only and not investment advice.