Shankar Sharma’s portfolio stock: This drone company bags new orders from Northern Command, Indian Army and Earthtree Enviro Pvt Ltd – know more here!

The stock is up by 31.26 per cent from its 52-week low of Rs 111.15 per share.

DroneAcharya Aerial Innovations Ltd informed that the company has bagged 3 orders from various clients across India. Here are the details: -

Order No – 1: The company has secured a supply order of drone controllers from the Northern Command, a major milestone in their support of defence efforts. This contract signifies the trust placed in DroneAcharya's expertise, as their meticulously engineered controllers ensure reliability, performance, and compatibility for critical defence applications. Committed to evolving alongside defence needs, DroneAcharya views this order as a testament to their dedication to excellence and role in national security.

Order No – 2: The company will supply a Precision Mapping System to Earthtree Enviro Pvt Ltd, a system designed to improve data accuracy in agriculture and environmental fields. This state-of-the-art technology uses advanced sensors and imaging to capture precise data on soil health, crop health, vegetation density, and environmental factors, allowing Earthtree to refine land management, optimize crop productivity, and promote biodiversity conservation.

Order No – 3:  DroneAcharya, a leader in drone technology, is proud to announce it will supply IT hardware for the Indian Army's new Drone Lab in Jammu and Kashmir. This collaboration strengthens DroneAcharya's commitment to both national defence and technological accessibility, supporting the Army's modernization efforts and reflecting a shared goal of leveraging technology to address evolving security challenges.

Today, shares of DroneAcharya Aerial Innovations Ltd plunged 0.03 per cent to Rs 145.90 per share from its previous closing of Rs 143.10 with an intraday high of Rs 149.90 and an intraday low is Rs 143.10. The stock is up by 31.26 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.  

In December 2023, 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).

According to the half-yearly results, the net sales increased by 998.01 per cent to Rs 2,088.86 lakh, profit before tax increased by 2,934.05 per cent to Rs 533.69 lakh and PAT increased by 2,934.47 per cent to Rs 396.95 lakh 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 333 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.