{"id":116174,"date":"2023-12-26T14:40:57","date_gmt":"2023-12-26T09:10:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116174"},"modified":"2023-12-26T14:41:02","modified_gmt":"2023-12-26T09:11:02","slug":"droneacharya-secures-a-contract-from-the-got-of-haryana-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/droneacharya-secures-a-contract-from-the-got-of-haryana-check-the-details\/","title":{"rendered":"Droneacharya secures a contract from the Got of Haryana; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1041771276\"><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 micro-cap company secured a major contract, valued at Rs 1.4 crore from the Haryana government for supplying high-end surveying drones, marking a step forward in the state&#8217;s adoption of drone technology for urban planning, execution, and other operations.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-588447657\"><!-- 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\u2019s<\/a><\/strong> successful bid for a government tender in Haryana demonstrates the state&#8217;s increasing use of drones. It aligns with India&#8217;s vision of becoming a Global Drone Hub by 2030. DroneAcharya&#8217;s founder and managing director, Prateek Srivastava, underlined the importance of this accomplishment.\u00a0<\/p><p>Additionally, Droneacharya Aerial Innovation Ltd has acquired a 51 percent stake in PYI Technology to expand its service offerings and strengthen its position in the drone industry.&nbsp;<\/p><p>However, the share price rose 14.8 percent from Rs 189.7 per share on December 1, 2023, to Rs 217.95 per share on December 18, 2023, and it is now facing a 17.8 percent correction to the current market price of Rs 179, which could be due to profit booking.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-737677966\"><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>Looking at the Droneacharya Aerial Innovations Ltd financials, their net revenue increased by 999 percent year over year, from Rs 1.90 crore in Q2FY23 to Rs 20.88 crore in Q2FY24.&nbsp;<\/p><p>In addition, the company&#8217;s net profit increased by 2946 percent year over year, from Rs 0.13 crores in Q2FY23 to Rs 3.96 crores in Q2FY24.&nbsp;<\/p><p>Droneacharya Aerial Innovations Ltd is a microcap stock with a market capitalization of Rs 422 crores. The share price has risen by 56 percent in the last year.&nbsp;<\/p><p>The company&#8217;s promoters hold a 28.2 percent share in the company, 70.4 percent held by the general public, and the Foreign institutional investors hold 1.31 percent.&nbsp;<\/p><p>Additionally, the stock debt-to-equity ratio is zero and the net profit margin of 18 percent is higher than its last three-year net profit margin and a return on equity of 8.5 percent and 11.5 percent.&nbsp;<\/p><p>Droneacharya Aerial Innovations Limited, founded in 2017, offers a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, Drone data processing using robust high-configuration workstations, Drone pilot training, and specialized GIS training.<\/p><div class=\"trade-content-10\" id=\"trade-3560781683\"><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 Sriram KV<\/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-1719427373\"><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 micro-cap company secured a major contract, valued at Rs 1.4 crore from the Haryana government for supplying high-end surveying drones, marking a step forward in the state&#8217;s adoption of drone technology for urban planning, execution, and other operations.&nbsp; Droneacharya Aerial Innovations Ltd\u2019s successful bid for a government tender in Haryana demonstrates the state&#8217;s increasing [&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":[11334,12547,14004,948,936],"class_list":["post-116174","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-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>Droneacharya secures a contract from the Got of Haryana; 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