{"id":113430,"date":"2023-11-09T11:54:28","date_gmt":"2023-11-09T06:24:28","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113430"},"modified":"2023-11-09T11:54:33","modified_gmt":"2023-11-09T06:24:33","slug":"drone-stock-jumps-more-than-3-after-it-enters-into-foreign-markets-and-secures-huge-orders","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-jumps-more-than-3-after-it-enters-into-foreign-markets-and-secures-huge-orders\/","title":{"rendered":"Drone stock jumps more than 3% after it enters into foreign markets and secures huge orders"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-17681310\"><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 shares of one of the Leading drone manufacturing and solutions providers jumped 3 percent in the day\u2019s trade following its expansion into foreign markets and securing an order for the supply of 30 units of their international standard agricultural drone, the AgriVeer.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-525470697\"><!-- 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 11:07 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543713\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Dronacharya Aerial Innovations Limited<\/a><\/strong> were trading at Rs. 185.20 up 2.89 percent from its previous day close price of Rs. 180 and its market capitalization is Rs. 444 Crores.\u00a0<\/p><p>As per the company\u2019s filing, Dronacharya Aerial Innovations Limited has commenced full fledged operations in five countries namely, Philippines, Thailand, UK, US, and Qatar.&nbsp;<\/p><p>With its entrance into the foreign markets, it has received an order for the supply of 30 units of their international standard agricultural drone, the AgriVeer. The AgriVeer is currently in the process of attaining Type certification and post this, the product will be launched in the Indian market as well.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2480926352\"><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>In addition to this it has secured a significant project to supply drone products and services to a prominent oil and gas firm in Qatar. The remarkable expansion marks a significant milestone for DroneAcharya, as it becomes one of the first few Indian companies with comprehensive operations in sales, services, and training in the field of drones across the international landscape.&nbsp;<\/p><p>The company\u2019s revenue grew 417.27 percent from Rs. 3.59 Crores in FY22 to Rs. 18.57 Crores in FY23, accompanied by increasing profits of Rs. 0.41 Crore to Rs. 3.43 Crore.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 8.51 percent and a return on capital employed (ROCE) of 11.52 percent, it is making good returns on its equity and capital employed, and its profitability ratios are increasing year on year.&nbsp;<\/p><p>According to the latest shareholding data available for the September 2023 quarter, the company\u2019s Promoters hold 28.21 percent stake, the Domestic Institutional Investors hold 0.00 percent and the Foreign Institutional Investors (FII) hold 1.31 percent.&nbsp;<\/p><p>Droneacharya Aerial Innovations Limited is into providing 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 specialised GIS training.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-content-10\" id=\"trade-2123942667\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-3923615659\"><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 shares of one of the Leading drone manufacturing and solutions providers jumped 3 percent in the day\u2019s trade following its expansion into foreign markets and securing an order for the supply of 30 units of their international standard agricultural drone, the AgriVeer.&nbsp; At 11:07 a.m the shares of Dronacharya Aerial Innovations Limited were trading [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105951,"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":[14164,14165,14163,948,936],"class_list":["post-113430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-dronacharya-aerial-innovations-latest-news","tag-dronacharya-aerial-innovations-latest-orders","tag-dronacharya-aerial-innovations-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) - 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