Shankar Sharma’s portfolio stock & FIIs bought 1,67,000 shares: This micro-cap drone manufacturing company bags new order from Vimaan Aerospace Pvt Ltd – details inside!
The stock is up by 68 per cent from its 52-week low of Rs 111.15 per share.
DroneAcharya Aerial Innovations Limited, India’s first listed integrated Drone solution provider, proudly announces its inaugural order of supply of Agricultural Spraying Drones from Vimaan Aerospace. The order, marking the commencement of a promising partnership, signifies a pivotal step forward following the signing of a Memorandum of Understanding (MoU) between the two entities.
The order involves supplying state-of-the-art agricultural spraying drones to Vimaan Aerospace. This order represents a significant milestone not only for both companies but also for the advancement of drone technology across various sectors. With this order, DroneAcharya is primed to embark on a journey of delivering unparalleled services and solutions in a multitude of domains.
Additionally, in collaboration with its associate company Drone Entry (Thailand) Co. Ltd., announced the successful acquisition of a significant export order for the provision of Defense FPV (First Person View) Drones. This strategic contract underscores the advanced technological capabilities of DroneAcharya and the operational expertise of Drone Entry Thailand in the domain of unmanned aerial systems.
DroneAcharya and Drone Entry Thailand's Defence FPV Drones revolutionize unmanned aerial technology, offering unmatched versatility for diverse defence applications. From high-definition surveillance and swift search & rescue to efficient monitoring and precise asymmetric warfare, these agile, long-range drones empower forces with real-time situational awareness, lifesaving capabilities, enhanced data collection, and a tactical edge against evolving threats.
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Today, shares of DroneAcharya Aerial Innovations Ltd gained 0.86 per cent to Rs 186.70 per share from its previous closing of Rs 185.10 with an intraday high of Rs 189.60 and an intraday low of Rs 185.20. The stock is up by 68 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 462 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.
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