This multibagger stock makes history with India's first logistics drone type-certification; Check if you hold it!
Companies using drones can deliver goods faster and cheaper, giving them an edge.
Big news for the Indian drone industry! Scandron, a company owned by Magellanic Cloud Ltd, just became the first in India to get official approval for their CargoMax 500HE delivery drone. This means they can now legally fly their drone to transport goods, opening doors for faster deliveries and reaching areas that were previously difficult to access.
Think of it like this: imagine a robot helicopter carrying important medicines to remote villages, speeding up e-commerce packages stuck in traffic, or helping businesses deliver goods faster within cities. That's the potential of Scandron's certified drone.
Why is this a big deal?
- Safety first: The approval means the drone meets strict safety standards, making it reliable and trustworthy.
- Faster deliveries: Drones can zip through traffic, potentially cutting delivery times significantly.
- Reaching remote areas: Villages and other hard-to-reach places can now get deliveries more easily.
- Businesses benefit: Companies using drones can deliver goods faster and cheaper, giving them an edge.
Who are the players?
- Scandron: The Bangalore-based company that builds and flies different types of drones, including delivery models.
- CriticaLog India: Scandron's partner, helping them offer delivery solutions for businesses across 160 Indian cities.
- Magellanic Cloud: The company that owns Scandron and believes in its potential to change how things are delivered in India.
What's next?
With the official go-ahead, Scandron and their partners are ready to:
- Deliver medicine: Bringing essential supplies to remote areas, improving healthcare access.
- Boost e-commerce: Making online shopping faster and more convenient for customers.
- Help other industries: From agriculture to checking pipelines, drones can streamline many tasks.
This is just the beginning for the Indian drone industry. As drone technology gets better, it's likely to impact businesses and our daily lives in even more ways. So, buckle up for a future where drones take flight, delivering a new era of efficiency and possibility!
With a return of 33.28 per cent year-to-date and an impressive multibagger return of 395.45 per cent over the past year, Magellanic Cloud Ltd has caught the attention of investors. It's advisable for investors to keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Related articles
-
Rs 1,400 crore order book: Multibagger defence drone stock hit upper circuit & 52-week high; Mukul Agrawal owns 10,00,765 shares!
-
Rs 749 crore order book and FIIs & DIIs increase stake: This multibagger IT-engineering company bags order worth Rs 100 crore from Indian Army
-
Rs 1,400 crore order book: This multibagger drone company delivers groundbreaking Hard‐Kill Anti‐Drone System (ADS HK) to Army Air Defence College
-
Penny stock with 600 per cent returns: Back-to-back upper circuit in this multibagger stock; PAT jumps over 650 per cent in FY24!
-
FIIs bought 1,71,000 shares: This drone company reports stellar results; PAT zooms 81.4 per cent to Rs 6.20 crore
-
High ROE & high ROCE multibagger drone stock hit upper circuit as company reports robust financial performance for FY24; PAT zooms over 1,600 per cent
-
Debt-free drone company announce strategic partnership with Airbots Aerospace Technologies Private Limited; details inside!
-
Heavy buying & 220 per cent returns: Back-to-back upper circuit in this multibagger stock; bags first major drone order worth Rs 43 crore!
-
Why did Jana small finance bank rally 20% today and hit upper circuit?
-
These 8 stocks turned multibagger post-stock splits in fiscal year 2024
-
FIIs bought 1,71,000 shares: This drone company signs agreement with CBAI Technologies Pvt Ltd to purchase 200 type certified training drones!
-
FIIs bought 1,71,000 shares: Heavy buying drone stock gains over 8 per cent as it opens fourth DGCA-certified drone pilot training center In Jaipur
-
Shankar Sharma’s portfolio stock: This drone company announces its strategic investment in Gridbots Technologies; details inside!
-
Shankar Sharma’s portfolio stock: This drone company bags new order worth Rs 4,67,11,224 from iRed Ltd, United Kingdom
-
Shankar Sharma’s portfolio stock: This drone company bags new order worth Rs 1,99,500 from India Army
-
Shankar Sharma’s portfolio stock: This drone company bags new orders from Northern Command, Indian Army and Earthtree Enviro Pvt Ltd – know more here!
-
India's Semiconductor Endeavor: Discover the benefits of the government's Rs 1.25 lakh crore investment
-
Shankar Sharma’s portfolio stock: This drone company bags new orders from Ministry of Defence and Adani Group – know more here!
-
Shankar Sharma’s portfolio stock: This drone company expands into South-East Asia through partner company Drone Entry, Thailand, AIT Bangkok – details inside!
-
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!