{"id":108061,"date":"2023-08-25T14:00:30","date_gmt":"2023-08-25T08:30:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108061"},"modified":"2023-08-25T14:00:32","modified_gmt":"2023-08-25T08:30:32","slug":"drone-stock-jumps-3-after-company-develops-reusable-rocket-launch-vehicle","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-jumps-3-after-company-develops-reusable-rocket-launch-vehicle\/","title":{"rendered":"Drone stock jumps 3% after company develops reusable rocket launch vehicle\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2896482473\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share of a leading player in the drone solution gained a 3 percent of Rs 163 apiece on Friday\u2019s early trade after the company informed the successful testing of a Reusable Rocket Launch Vehicle.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-57493653\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:17 p.m., On the Stock Exchange, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543713\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Droneacharya Aerial Innovations Ltd<\/a><\/strong> shares were trading at Rs 160.95 a share, up Rs 2.95 or 1.87 percent, with a market valuation of Rs crores.\u00a0<\/p><p>According to the company\u2019s exchange filing, DroneAcharya Aerial Innovations Limited has successfully tested a Reusable Rocket Launch Vehicle. The vehicle reached a height of roughly 3 kilometers above the ground and successfully landed using a parachute mechanism.&nbsp;<\/p><p>Furthermore, the company plans to reach altitudes of 10 km followed by 30 to 50 km in order to collect significant atmospheric and meteorological data. This feat might be extended to broader applications such as suborbital research and testing, aerospace system testing, parabolic testing, and aerodynamic design testing.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1590067101\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Ace investor Shankar Sharma holds 4,57,000 shares in the company as of the June 2023-24 quarter, equivalent to 1.91 percent.&nbsp;<\/p><p>The company\u2019s revenue has increased by 417 percent year on year, from Rs 3.59 crore in FY 21-22 to Rs 18.57 crore in FY 22-23. During the same period, net profit climbed by 730 percent, from Rs 0.41 crore to Rs 3.43 crore.&nbsp;<\/p><p>The stock has delivered 49.44 percent from its initial public offering from the initial price of Rs 102 per share on the market.&nbsp;<\/p><p>Droneacharya Aerial Innovations Limited offers a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training, and specialized GIS training.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" style=\"object-fit:cover;width:256px;height:256px\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3413539538\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share of a leading player in the drone solution gained a 3 percent of Rs 163 apiece on Friday\u2019s early trade after the company informed the successful testing of a Reusable Rocket Launch Vehicle.&nbsp; At 1:17 p.m., On the Stock Exchange, Droneacharya Aerial Innovations Ltd shares were trading at Rs 160.95 a share, up [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":108062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6182,10497,11334,10495,948,936,11335],"class_list":["post-108061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-drone-stock-to-watch","tag-drone-stocks-india-2023","tag-droneacharya-aerial-innovations-latest-news","tag-droneacharya-aerial-innovations-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-droneacharya-aerial-innovations-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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