Hot Stock: This drone company receives DGCA authorisation to conduct drone training on medium (up to 50 kg), Rotorcraft Drones!
The stock is up by 27 per cent in just 6 months.
Drone Destination Limited having a registered office at C-13, Ground Floor, Panchsheel Enclave, New Delhi-110017 has received authorisation from DGCA to conduct Certified training on Medium (up to 50 kg), Rotorcraft Drones at its Gurugram and Phulpur Training Base, and at Gwalior with its Training Partner IGRUA.
This authorisation opens up significant avenues for the company to empower Agriculture Drone Pilots and Entrepreneurs with Drone Pilot Certification, making them legal to fly Kisan Drones across the country. The company had earlier signed MOUs with IFFCO, Paras Aerospace, and IoTech for extensive Kisan Drone Training.
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About the company: Drone Destination Limited provides drone-powered solutions. The company offers survey and mapping, asset inspection, surveillance, monitoring, precision agriculture, and other related services. Drone Destination operates in India. The net sales skyrocketed by 371.48 per cent to Rs 12.07 crore and net profit skyrocketed by 1,061.90 per cent to Rs 2.44 crore in FY23 compared to FY22.
On Monday, shares of Drone Destination Limited plunged 3.20 per cent to Rs 121.15 per share from its previous closing of Rs 125.15 with an intraday high of Rs 123.40 and an intraday low of Rs 120.30. The company has a market cap of Rs 294.40 crore and the lot size is 2,000 equity shares. The stock is up by 27 per cent in just 6 months.
The stock has an ROE of 27.40 per cent and a ROCE of 33.20 per cent. Investors should keep an eye on this SME stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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