{"id":115737,"date":"2023-12-18T15:19:47","date_gmt":"2023-12-18T09:49:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115737"},"modified":"2023-12-18T15:19:52","modified_gmt":"2023-12-18T09:49:52","slug":"drone-stock-jumps-4-after-it-received-an-order-from-ministry-of-defence-to-supply-drone-lab-equipment","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-jumps-4-after-it-received-an-order-from-ministry-of-defence-to-supply-drone-lab-equipment\/","title":{"rendered":"Drone stock jumps 4% after it received an order from Ministry of Defence to supply Drone Lab equipment"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2388260165\"><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 the leading player in the drone business surged 4 percent to Rs 214.50 per share after the company received a contract from the Ministry of Defence to supply Drone Lab equipment.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1909060307\"><!-- 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\/543713\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Droneacharya Aerial Innovations Ltd<\/a><\/strong> is a micro-cap stock, with a market capitalization of Rs 503 crore. At 12:15 p.m., the company shares were trading at Rs 210 per share, up Rs 3.85 or 1.90 percent from the previous close price on the exchange.\u00a0<\/p><p>The company secured a contract from the Ministry of Defense, Department of Military Affairs, Bhalra, Jammu &amp; Kashmir for the supply of Drone Lab Equipment meant to facilitate Drone Simulator training. The company said in its exchange filing.&nbsp;<\/p><p>This significant endeavor is in tandem with the contract awarded to DroneAcharya for supplying Drone Simulators. The supply and implementation of these drone simulators are to take place at NCPITS (CBS) Bhalra, Jammu &amp; Kashmir.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1015134837\"><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 company\u2019s revenue has increased significantly by 1000 percent yearly, from Rs 1.90 crore in Q2FY23 to Rs 20.89 crore in Q2FY24. During the same timeframe, Net profit has jumped by 2900 percent from Rs 0.13 crore to Rs 3.96 crore.&nbsp;<\/p><p>Ace investor Shankar Sharma holds 4,57,000 shares in the company as of the September quarter of 2023, equivalent to a 1.91 percent stake.&nbsp;<\/p><p>Recently, the company successfully tested a Reusable Rocket Launch Vehicle. The vehicle reached a height of roughly 3 kilometers above the ground and successfully landed using a parachute mechanism.&nbsp;<\/p><p>This company\u2019s milestone might extend to broader applications such as suborbital research and testing, aerospace system testing, parabolic testing, and aerodynamic design testing.&nbsp;<\/p><p>Droneacharya Aerial Innovations shares have gained 37 percent in the last six months and 95 percent in a year.<\/p><p>Droneacharya Aerial Innovations Limited offers a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, Drone data processing with sturdy high-configuration workstations, Drone pilot training, and specialized GIS training.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-708052812\"><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\">Disclaimer<\/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-854509592\"><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 the leading player in the drone business surged 4 percent to Rs 214.50 per share after the company received a contract from the Ministry of Defence to supply Drone Lab equipment.&nbsp; Droneacharya Aerial Innovations Ltd is a micro-cap stock, with a market capitalization of Rs 503 crore. At 12:15 p.m., the company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":114437,"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":[11334,12547,10495,14004,12280,12279,5418],"class_list":["post-115737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-droneacharya-aerial-innovations-latest-news","tag-droneacharya-aerial-innovations-orders","tag-droneacharya-aerial-innovations-share-price","tag-droneacharya-aerial-share-price","tag-droneacharya-latest-news","tag-droneacharya-share-price","tag-shankar-sharma-stock"],"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 4% after it received an order from Ministry of Defence to supply Drone Lab equipment - 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