1:1 Bonus Share & PAT Jumps Over 1,100 Per Cent: Multibagger Drone Stock Surges After Board Announces Record Date For Free Shares

The stock gave multibagger returns of 915 per cent returns from its 52-week low of Rs 293 per share.

On Wednesday, shares of Kody Technolab Limited gained 2.60 per cent to Rs 2,975 per share from its previous closing of Rs 2,900.15 per share. The company has a market cap of Rs 1,893 crore with an ROE of 24 per cent and an ROCE of 28 per cent. The company is backed by promoters as they own over 73 per cent stake in the company. The stock gave multibagger returns of 915 per cent returns from its 52-week low of Rs 293 per share.

Kody Technolab Limited is a leading, publicly traded robotics and AI solutions provider, specializing in enterprise-level projects and mobile application development. Known for its expertise in artificial intelligence, machine learning and advanced robotics, Kody Technolab has delivered over 250 projects to clients in more than 30 countries. The company’s commitment to innovation continues to set new standards in customer engagement and intelligent automation solutions worldwide.

The Board of Directors of the company have announced bonus shares in the ratio 1:1 i.e., 1 bonus share that has a face value of Rs 10 for every 1 equity share that has a face value of Rs 10 each held by shareholders as of record date and to the eligible warrant holders upon conversion of warrants. The Board fixed the record date for bonus shares as Friday, December 06, 2024.

Earlier, the company, in collaboration with Indowings and Ray Nano Science and Research Center, developed India's largest agricultural drone. This AI-powered drone, capable of carrying 20-50 litres, is designed for the precision spraying of nano urea on both rugged and flat terrains. By optimizing fertilizer use and reducing environmental impact, this innovation addresses key challenges in Indian agriculture. This aligns with India's Vision 2047, promoting green growth and sustainability.

According to half-yearly results, the net sales increased by 559 per cent to Rs 4,028.86 lakh and net profit increased by 1,169 per cent to Rs 1,020.29 lakh in H1FY25 compared to H1FY24. The company reported net sales of Rs 2,323.45 lakh and profit of Rs 488.87 lakh in FY24.

Investors should keep an eye on this drone stock.

Disclaimer: The article is for informational purposes only and not investment advice.