Multibagger Drone Stock Hits 5 Days Back-to-Back Upper Circuit; Gains 180 per cent in Just 3 Months: Do You Have It in Your Portfolio?
The company’s shares have delivered an impressive return of over 160 per cent in just 6 months only.
Incorporated in 2019, Drone Destination Ltd manufactures, deals, and provides training for drones. DDL is India's largest drone pilot training and leading Drone-as-a-Service (DAAS) company. Alongside its sister concern, Hubblefly Technologies, a DGCA-approved manufacturer, it has developed an integrated drone ecosystem centered on drone manufacturing, certified training, and drone-as-a-service.
On Friday's trading session, the share of Drone Destination Ltd opened at Rs 452.25 per share, compared to the previous day's closing figure of Rs 430.75 per share on the BSE. The stock has attracted a heavy volume, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 1098.97 crore, and the stock has generated an impressive multibagger return of over 180 per cent in just 3 months only.
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As per the Quarterly Results, in the fourth quarter of FY24, Drone Destination Ltd recorded a revenue of Rs 26.35 crore. The operating profit for Q4 FY24 stood at Rs 11.16 crore. The net profit for Q4 FY24 was Rs 6.69 crore. Looking at the annual performance, the company generated a revenue of Rs 31.82 crore in FY24, compared to Rs 12.07 crore in FY23. The operating profit for FY24 was Rs 13.06 crore, with a net profit of Rs 7.08 crore.
Regarding the shareholding pattern, the promoters own 61.30 per cent of the company and the public or retail investors hold 35.72 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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