{"id":113620,"date":"2023-11-13T12:47:20","date_gmt":"2023-11-13T07:17:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113620"},"modified":"2023-11-13T12:47:25","modified_gmt":"2023-11-13T07:17:25","slug":"drone-stock-jumps-up-to-4-after-it-receives-an-order-worth-12-cr-for-deployment-of-200-drones","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-jumps-up-to-4-after-it-receives-an-order-worth-12-cr-for-deployment-of-200-drones\/","title":{"rendered":"Drone stock jumps up to 4% after it receives an order worth \u20b9 12 Cr for deployment of 200 drones"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1457320349\"><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>Drone stock, which is a DGCA authorized Remote Pilot Training Organization, Jumped 4 percent in the day\u2019s trade after it received a work order worth Rs. 12 Crores for the deployment of 200 Agri Drones &amp; Agri Drone Pilots.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3647466262\"><!-- 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 11:29 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DRONE\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Drone Destination Limited<\/a><\/strong> were trading at Rs. 154.05 up 0.10 percent from its previous day close price of Rs. 153.90 and its market capitalization is Rs. 374.34 Crores.\u00a0<\/p><p>Drone Destinations Limited has received a work order worth Rs. 12 Crores from IFFCO for the deployment of 200 Agri Drones &amp; Agri Drone Pilots for a period of 60 days for Spray Demonstrations in the state of Uttar Pradesh.&nbsp;<\/p><p>The company\u2019s revenue grew 371.48 percent from Rs. 2.56 Crore in FY22 to Rs. 12.07 Crore in FY23, accompanied by increasing profits of Rs. 0.21 Crore to Rs. 2.44 Crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2677883479\"><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>It has reported a return on equity (ROE) of 27.43 percent and a return on capital employed (ROCE) of 33.19 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the September 2023 quarter, the company\u2019s Promoters hold 61.30 percent stake, the Domestic Institutional Investors hold 0.32 percent and the Foreign Institutional Investors (FII) hold 3.95 percent.&nbsp;<\/p><p>Drone Destination Limited is a DGCA authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting drones.&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-after-content\" id=\"trade-2588106024\"><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>Drone stock, which is a DGCA authorized Remote Pilot Training Organization, Jumped 4 percent in the day\u2019s trade after it received a work order worth Rs. 12 Crores for the deployment of 200 Agri Drones &amp; Agri Drone Pilots.&nbsp; At 11:29 a.m the shares of Drone Destination Limited were trading at Rs. 154.05 up 0.10 [&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":[14079,14080,14078,948,936],"class_list":["post-113620","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) - 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