{"id":112413,"date":"2023-10-20T16:15:50","date_gmt":"2023-10-20T10:45:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112413"},"modified":"2023-10-20T16:15:55","modified_gmt":"2023-10-20T10:45:55","slug":"defence-stock-jumps-up-to-3-after-it-receives-dgca-approval-for-the-sale-of-agri-drones","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-up-to-3-after-it-receives-dgca-approval-for-the-sale-of-agri-drones\/","title":{"rendered":"Defence stock jumps up to 3% after it receives DGCA approval for the sale of agri-drones"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2557998495\"><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>This S&amp;P BSE Smallcap Stock Jumped 3% on Friday within the first hour of markets opening after an announcement regarding its receipt of a key regulatory certificate in its Agro Drone business. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1605282055\"><!-- 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>The company has a market cap of Rs. 2,883 crore and is 13% away from its 52 week high, trading at Rs. 739.15 versus Rs. 743.10 at previous close.\u00a0<\/p><p>In a filing dated 20th October 2023, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PARAS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Paras Defence and Space Technologies Ltd<\/a><\/strong> (\u201cParas\u201d) stated that its Subsidiary Paras Aerospace Private Limited (\u2018Paras Aerospace\u2019) has received Second Type Certificate from DGCA (Directorate General of Civil Aviation), Drone Directorate, Govt. of India, for it\u2019s Agri Drone \u2013 \u201cParas-Agricopter V2.1\u201d.\u00a0<\/p><p>This is also visible on the DGCA&#8217;s Digital Sky website. This certification will open up new opportunities in the agricultural drone industry and allow Paras Aerospace to fulfill existing contracts for the &#8220;Paras-Agricopter V2.1.&#8221; <\/p><div class=\"trade-content_5\" id=\"trade-3156375932\"><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>The certification is for the MEDIUM Drone Category, where the excellent and economical drone from Paras Aerospace satisfies all DGCA requirements and increases its suitability for various applications.\u00a0<\/p><p>Following a thorough evaluation and certification process for unmanned aerial vehicles (UAV), the DGCA Type Certification is awarded, validating the drone&#8217;s quality and design. <\/p><p>This, in the opinion of Paras Aerospace, is one of the most significant turning points in their quest to provide high-quality, Made in India agri drones. This certificate is valid until it is revoked or suspended.<\/p><p>Paras Defence and Space Technologies designs, develops, manufactures, and tests defense and space engineering products and solutions in India and internationally.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-3581609944\"><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>This S&amp;P BSE Smallcap Stock Jumped 3% on Friday within the first hour of markets opening after an announcement regarding its receipt of a key regulatory certificate in its Agro Drone business. The company has a market cap of Rs. 2,883 crore and is 13% away from its 52 week high, trading at Rs. 739.15 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19996,"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":[12669,10492,9714,9716,948,936],"class_list":["post-112413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-paras-defence-and-space-technologies-latest-news","tag-paras-defence-and-space-technologies-share-price","tag-paras-defence-latest-news","tag-paras-defence-latest-order","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defence stock jumps up to 3% after it receives DGCA approval for the sale of agri-drones - 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