{"id":113573,"date":"2023-11-10T16:21:45","date_gmt":"2023-11-10T10:51:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113573"},"modified":"2023-11-10T16:21:50","modified_gmt":"2023-11-10T10:51:50","slug":"drone-stock-jumps-up-to-3-after-it-received-dgca-certification-for-agriculture-spray-drone","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-jumps-up-to-3-after-it-received-dgca-certification-for-agriculture-spray-drone\/","title":{"rendered":"Drone stock jumps up to 3% after it received DGCA certification\u00a0for Agriculture Spray Drone"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2661597076\"><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>On Friday, the shares of this leading company associated with Drone service rose roughly 3 percent to Rs 153 per share after the company received DGCA Type Certification for Agriculture Spray Drone, Agristar 2.0.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1514136675\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DRONE\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Drone Destination Ltd<\/a><\/strong> shares closed at Rs 149.10 per share on Friday, up 0.24 percent from the previous close price on the National Stock Exchange. The company is valued at Rs 362 crores on the stock exchange.\u00a0<\/p><p>According to the company\u2019s exchange filing, Drone Destination received DGCA Type Certification for Agristar 2.0, a medium Category Agriculture Spray Drone.&nbsp;<\/p><p>Agristar 2.0 is manufactured by Drone Destination\u2019s sister concern, Hubblefly Technologies, and is exclusively marketed by Drone Destination in India.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-97377672\"><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>Drone Destination, together with Hubblefly Technologies, has established a remarkable integrated business model that spans drone manufacturing, drone pilot training, and offering drones as a service.&nbsp;<\/p><p>Drone Destination Ltd shares have gained 13 percent in the last month and 15.54 percent in the last three months.&nbsp;<\/p><p>Now, with the DGCA Type Certification for Agristar 2.0, Drone Destination has made a grand foray into Kisan Drone Services, Training &amp; Sales.&nbsp;<\/p><p>Drone Destination Ltd&#8217;s revenue has increased by 371 percent yearly, from Rs 2.56 crore in FY21-22 to Rs 12.07 crore in FY 22-23. In the same time frame, the company\u2019s net profit increased by 1068 from Rs 0.21 crore to a profit of Rs 2.44 crore.&nbsp;<\/p><p>According to the recent shareholding pattern, the company promoters hold 61.3 percent of the company, while Foreign institutional investors hold 3.95 percent and retail investors hold a 33.2 percent stake.&nbsp;<\/p><p>Drone Destination Limited is India&#8217;s leading Drone as a Service and Training Company. Which provides a range of offerings that include comprehensive drone pilot training and advanced aerial solutions for surveying, mapping, and surveillance.<\/p><div class=\"trade-content-10\" id=\"trade-3679965870\"><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><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-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-124084088\"><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>On Friday, the shares of this leading company associated with Drone service rose roughly 3 percent to Rs 153 per share after the company received DGCA Type Certification for Agriculture Spray Drone, Agristar 2.0.&nbsp; Drone Destination Ltd shares closed at Rs 149.10 per share on Friday, up 0.24 percent from the previous close price on [&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":[14282,14079,14080,14078,948,936],"class_list":["post-113573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-drone-destination-dgca-certification","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) - 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