Shankar Sharma’s portfolio stock: This drone company bags new orders from Ministry of Defence and Adani Group – know more here!

The stock is up by 31 per cent from its 52-week low of Rs 111.15 per share.

DroneAcharya Aerial Innovations Ltd has been entrusted by the Indian Ministry of Defence to train its personnel in First Person View (FPV) drone piloting. This 15-day program signifies the military's embrace of FPV drones for tactical missions. The curriculum incorporates theoretical knowledge of DGCA regulations and emergency procedures, along with simulated and real-world flying exercises. Upon successful completion of exams, trainees will be certified to operate these drones, marking a crucial step in integrating them into India's defence strategy. DroneAcharya's expertise and experience ensure well-equipped personnel to deliver this critical training, empowering the Indian Army with skilled FPV drone operators.

Additionally, DroneAcharya Aerial Innovations Ltd has secured a significant service order from Adani Group to provide DGCA-certified drone pilot training. This marks a crucial step in integrating drone technology into large-scale enterprises. Adani's adoption of drones for mapping, monitoring, and inspections across their diverse operations in energy, infrastructure, logistics, and more signifies a major advancement and paves the way for similar companies to embrace this technology. Drones offer numerous benefits like volume estimation, asset inspection, and crop health monitoring, highlighting their potential in various industrial applications.

Indian drone leader DroneAcharya Aerial Innovations Ltd expands into Southeast Asia, opening a new office in Bangkok, Thailand. They aim to capture markets like Thailand, Malaysia, and the Philippines with their drone sales, services, and training. The company offers various drones including a long-flight-time surveying model and an agricultural spraying series. They've already trained over 100 drone pilots in Thailand and partnered with universities in the region. This expansion comes alongside their recent DGCA certification for medium-sized drone training, allowing them to train pilots for crucial agricultural and delivery applications. They are also the only Indian institute offering drone pilot training in Thailand and the Philippines.

Today, shares of DroneAcharya Aerial Innovations Ltd plunged 2.80 per cent to Rs 138.90 per share from its previous closing of Rs 142.90 with an intraday high of Rs 145 and an intraday low is Rs 136. The stock is up by 31 per cent from its 52-week low of Rs 111.15 per share.

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 2,088.86 lakh, profit before tax increased by 2,934.05 per cent to Rs 533.69 lakh and PAT increased by 2,934.47 per cent to Rs 396.95 lakh 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 333 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.