Shankar Sharma’s portfolio stock: This micro-cap drone company unveils revolutionary FPV drone with day and night vision for defence applications!

The stock is up by 58 per cent from its 52-week low of Rs 111.15 per share.

DroneAcharya Aerial Innovations Limited, a pioneering name in the realm of aerial technology, announces the launch of a ground-breaking FPV (first-person view) drone equipped with advanced day and night vision capabilities tailored specifically for defence applications.

Drones have emerged as a pivotal force multiplier in modern asymmetric warfare and defence strategies. Recognizing the escalating demand and diverse requirements within this domain, DroneAcharya takes immense pleasure in introducing this unparalleled innovation designed to revolutionize tactical operations.

The FPV drone with day and night vision has undergone rigorous testing and triumphant trials in strategic locations including Pokhran and Lachung within India's southern, northern, and eastern commands. These trials have demonstrated the Drone's resilience in adverse conditions, cementing its position as an indispensable tactical asset for the Indian Defence Forces.

Earlier, in a significant move, leading drone technology company DroneAcharya has agreed to acquire a majority stake (76 per cent) in Aerophile Academy, a prominent South Indian drone pilot training centre. This strategic expansion strengthens DroneAcharya's position as India's leading trainer by establishing a presence in South India, complementing its existing operations in other regions. While details are being finalized, this partnership will leverage Aerophile Academy's expertise to enhance training and contribute to a skilled drone pilot workforce in India.

Today, shares of DroneAcharya Aerial Innovations Ltd gained 1.10 per cent to Rs 174.65 per share from its previous closing of Rs 172.75 with an intraday high of Rs 175.60 and an intraday low of Rs 171.30. The stock is up by 58 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 419 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.