{"id":113265,"date":"2023-11-06T17:00:49","date_gmt":"2023-11-06T11:30:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113265"},"modified":"2023-11-06T17:00:55","modified_gmt":"2023-11-06T11:30:55","slug":"drone-stock-jumps-6-after-it-receives-an-order-from-andhra-pradesh-government","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-jumps-6-after-it-receives-an-order-from-andhra-pradesh-government\/","title":{"rendered":"Drone stock jumps 6% after it receives an order from Andhra Pradesh Government\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1330985659\"><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 drone company share jumped 6 percent on NSE during the day after receiving a work order from the Office of Commissioner of Survey, Settlements and Land Records, Andhra Pradesh.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3725360941\"><!-- 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>With a market capitalization of Rs. 347.85 crores, the share of The<strong> <a href=\"https:\/\/portal.tradebrains.in\/stock\/DRONE\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Drone Destination Ltd<\/a><\/strong> opened flat at Rs. 143.20 level. The share went to hit an intraday of Rs. 153 making a gain of around 6 percent and closed its trading day at Rs. 151.15 apiece.\u00a0<\/p><p>Such a positive movement in the stock was observed after the company in an exchange filing mentioned that the company has been awarded a work order for hiring drone services for the generation and supply of ORI for Large Scale Mapping (Agricultural Land) and Habitation including Feature Extraction under the Resurvey Project by the Office of Commissioner of Survey, Settlements and Land Records, Andhra Pradesh.&nbsp;<\/p><p>Digging into the financials of the company, revenue was increased by 371 percent from Rs. 2.56 crores during FY 21-22 to 12.07 crores in FY 22-23. In addition, the net profit magnified by 1,933 percent from Rs. 21 lakhs to 2.44 crores during the same time frame.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4015967150\"><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>Coming on to the important financial ratios, the return on equity was at 27.43 percent and the return on capital employed was recorded at 33.19 percent.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters have a 61.30 percent stake in the company, the Public or Retail Investors have 34.43 percent shares, FIIs have picked a 3.95 percent stake and the remaining 0.32 percent are with DIIs.&nbsp;<\/p><p>Headquartered in New Delhi, The Drone Destination Ltd is a sister company of Hubblefly Technologies. The company is a DGCA-approved manufacturer and Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/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-791985665\"><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 drone company share jumped 6 percent on NSE during the day after receiving a work order from the Office of Commissioner of Survey, Settlements and Land Records, Andhra Pradesh.&nbsp; With a market capitalization of Rs. 347.85 crores, the share of The Drone Destination Ltd opened flat at Rs. 143.20 level. The share went to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104878,"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":[14079,14080,14078,948,936],"class_list":["post-113265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-drone-destination-latest-news","tag-drone-destination-latest-order","tag-drone-destination-share-price","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>Drone stock jumps 6% after it receives an order from Andhra Pradesh Government\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The drone company share jumped 6 percent on NSE during the day after receiving a work order from the Office of Commissioner of Survey, Settlements and Land Records, Andhra Pradesh.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/drone-stock-jumps-6-after-it-receives-an-order-from-andhra-pradesh-government\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drone stock jumps 6% after it receives an order from Andhra Pradesh Government\u00a0\" \/>\n<meta property=\"og:description\" content=\"The drone company share jumped 6 percent on NSE during the day after receiving a work order from the Office of Commissioner of Survey, Settlements and Land Records, Andhra Pradesh.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/drone-stock-jumps-6-after-it-receives-an-order-from-andhra-pradesh-government\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-06T11:30:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-06T11:30:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/drone.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/drone-stock-jumps-6-after-it-receives-an-order-from-andhra-pradesh-government\/\",\"url\":\"https:\/\/tradebrains.in\/features\/drone-stock-jumps-6-after-it-receives-an-order-from-andhra-pradesh-government\/\",\"name\":\"Drone stock jumps 6% after it receives an order from Andhra Pradesh Government\u00a0 - 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