Shankar Sharma’s portfolio stock: This drone company in collaboration with ITC Ltd unveils the groundbreaking All Women’s Namo Drone Didi Batch; details inside!
The stock is up by 47 per cent from its 52-week low of Rs 111.15 per share.
DroneAcharya Aerial Innovations Limited, in collaboration with ITC Limited, unveils the groundbreaking All Women’s Namo Drone Didi Batch, representing a significant stride towards gender inclusivity and empowerment in the drone industry. The partnership with ITC showcases a commendable commitment to corporate social responsibility, as they sponsor drone pilot training for women from self-help groups across Maharashtra.
Through the support of ITC's arms - DSC, BAIF Amravati, BAIF Partner, and AFARM - women are provided with valuable skills and opportunities for individual and societal upliftment. This initiative not only fosters individual development but also contributes to broader societal growth.
The Namo Drone Didi Batch spans 5 days, equipping participants with a 10-year license to legally operate drones in India. The comprehensive curriculum covers drone fundamentals, DGCA regulations, failsafe mechanisms, and emergency protocols. Practical sessions include simulator training and on-ground drone flying, culminating in a thorough 3-part examination: oral, written, and practical. DroneAcharya and ITC's collaboration exemplifies the power of partnership in driving meaningful progress and creating opportunities for a brighter, more inclusive future.
DroneAcharya Aerial Innovations Ltd has also launched a new FPV drone with advanced day and night vision specifically designed for military use. This innovative drone has been successfully tested in various locations across India and is expected to be a valuable asset for the Indian Defence Forces. Additionally, DroneAcharya's recent acquisition of a majority stake in Aerophile Academy strengthens its position as India's leading drone training provider, further contributing to the development of a skilled workforce in this field.
Today, shares of DroneAcharya Aerial Innovations Ltd plunged 2.04 per cent to Rs 163.45 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 47 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.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.