Shankar Sharma’s portfolio stock: This drone company expands into South-East Asia through partner company Drone Entry, Thailand, AIT Bangkok – details inside!

The stock is up by 40 per cent from its 52-week low of Rs 111.15 per share.

DroneAcharya Aerial Innovations Limited, a leading player in the Indian Drone industry, proudly announces its foray into the Southeast Asian market with the official inauguration of Drone Entry Thailand's new office, strategically located at AIT Bangkok. This significant move signifies a milestone achievement for the company as it expands its reach in drone sales, services, and training throughout Southeast Asia, leveraging its strong base and connections in Bangkok, Thailand.

The company's initial focus will be on penetrating key markets in Southeast Asia, including Thailand, Malaysia, the Philippines, Cambodia, and Indonesia. Founder and CEO, Prateek Srivastava, expresses immense pride and high expectations for the Southeast Asian drone industry, drawing parallels to the rapid growth witnessed in the Indian drone sector five years ago.

DroneAcharya has already introduced its flagship surveying drone, Arya, boasting an impressive 53 minutes of flight time and the capacity to accommodate over 12 different types of sensors and payloads. Additionally, the company has launched its agricultural spraying drone, Agro series, along with a diverse range of FPV (First Person View) drones.

In the past month alone, DroneAcharya in association with Drone Entry, has provided training to over 100 students in Thailand as drone pilots, and has trained approximately 40 officials from Local Government Units (LGUs) in the Philippines. Furthermore, the company has forged significant partnerships with esteemed institutions such as KMITL and Dhurakij Pundit University in Thailand, as well as Mariano Marcos State University (MMSU) in the Philippines.

DroneAcharya's expansion into the Southeast Asian market marks an exciting chapter in the company's journey, with a commitment to delivering cutting-edge drone technology and services across the region.  

DroneAcharya Aerial Innovations Ltd partnered with ITC Limited to launch the all-women "Namo Drone Didi Batch," a five-day program providing rural women with drone pilot training, a 10-year license, and the skills to operate drones commercially, exemplifying a commitment to social responsibility and gender equality in the drone industry.

On Thursday, shares of DroneAcharya Aerial Innovations Ltd surged 0.45 per cent to Rs 155.40 per share from its previous closing of Rs 166.85 with an intraday high of Rs 168.90 and an intraday low of Rs 162. The stock is up by 40 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 392 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.