Shankar Sharma’s portfolio stock: This drone company announces its strategic investment in Gridbots Technologies; details inside!

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.

DroneAcharya Aerial Innovations Ltd announced its strategic investment in Gridbots Technologies, a move poised to further strengthen the existing partnership between the two companies. The collaboration, initiated last year, has already proven fruitful, leading to the joint provision of integrated automation solutions leveraging drones and bots.

The partnership between DroneAcharya Aerial Innovations Ltd. and Gridbots Technologies aims to enhance offerings by providing customers with a comprehensive array of drone and AI-based services. By capitalizing on Gridbots' expertise, DroneAcharya seeks to expand its reach and develop tailored solutions across various sectors including industrial automation, defense, oil, and gas industries.

Gridbots Technologies is renowned for its indigenous robotic systems catering to defence, space, nuclear establishments, and other industries. Their high-performance systems, designed for defect detection, dimension measurement, sorting, grading applications, among others, exemplify innovation and reliability in the industry.

Mr Pulkit Gaur, Founder, and CTO of Gridbots expressed enthusiasm about the collaboration, citing the increasing demand for drone and bot-enabled solutions across industries such as energy, defence, and infrastructure. Mr. Prateek Srivastava, Founder, and Managing Director of DroneAcharya echoed similar sentiments, highlighting the potential of the collaboration in serving clients across the Middle East, Europe, and Southeast Asia.

DroneAcharya Aerial Innovations Ltd. and Gridbots Technologies are committed to leveraging their combined strengths to offer unparalleled products and services tailored to meet the unique needs of their customers. This collaboration signifies a significant step forward in advancing automation solutions globally.

About Gridbots Technologies

Gridbots Technologies is a pioneering technology company specializing in robotics, artificial intelligence, and machine vision. Since its inception in 2007, Gridbots has been at the forefront of developing high-performance robotic systems catering to diverse industries including defense, space, and nuclear establishments.

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About DroneAcharya Aerial Innovations Ltd

DroneAcharya Aerial Innovations Ltd. is a leading provider of drone-based solutions, dedicated to pushing the boundaries of innovation in aerial technologies and AI-driven applications. With a focus on delivering cutting-edge solutions, DroneAcharya is committed to transforming industries through the integration of drones and automation.

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 20.9 crore, profit before tax increased by 2,934.05 per cent to Rs 5.34 and PAT increased by 2,934.47 per cent to Rs 4 crore 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 368 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.