Only Buyers: This smallcap stock has been hitting back-to-back upper circuits since its debut!
Bollywood celebrities Aamir Khan, Ranbir Kapoor and market veteran Shankar Sharma have also backed the business.
The session ended with the main indices tumbling more than 1 per cent as domestic stocks experienced a sharp selloff. All sectoral indices were trading down, with the worst-performing sectors, BSE Metals and BSE Realty, each suffering losses of over 2 per cent. The Small-Cap stock Droneacharya Aerial Innovations drew investors in a market lacking investor confidence.
The stock made an outstanding debut on exchanges on December 23, 2022, with a premium of nearly 90 per cent and shares opened at Rs 107.10 on the BSE. The stock is gaining attention as a result of back-to-back upper circuits since its listing. As a result, shares soared 47 per cent in less than two weeks.
On an intraday basis on Wednesday, shares of Droneacharya Aerial Innovations surged and were locked at a 5 per cent upper circuit at Rs 158.05 per share on the BSE, reaching an all-time high.
Droneacharya Aerial Innovations offers an expert ecosystem of drone solutions for multi-sensor drone surveys, drone data processing on robust workstations with high configurations and drone pilot training. Bollywood celebrities Aamir Khan, Ranbir Kapoor and market veteran Shankar Sharma have also backed the business.
Keep a close eye on this scrip for the upcoming sessions!