{"id":118791,"date":"2024-02-08T11:58:02","date_gmt":"2024-02-08T06:28:02","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118791"},"modified":"2024-02-08T13:05:41","modified_gmt":"2024-02-08T07:35:41","slug":"drone-stock-jumps-after-receiving-order-from-vimaan-aerospace-for-supply-of-agri-drones","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-jumps-after-receiving-order-from-vimaan-aerospace-for-supply-of-agri-drones\/","title":{"rendered":"Drone stock jumps after receiving order from Vimaan Aerospace\u00a0for supply of agri drones"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-132743093\"><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>Share price of a leading player in the drone business moved up by 2.43 percent on Thursday to Rs. 189.60, compared to its previous closing price of Rs. 185.10, after the company received its inaugural order for the supply of Agricultural Spraying Drones from Vimaan Aerospace.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-902280160\"><!-- 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>With a market cap of Rs. 450 crore, shares of Droneacharya Aerial Innovations Ltd. opened at Rs. 184.90 on February 8th, and at 11:05 a.m., the stock was trading at Rs. 188.00, up by 1.57 percent.&nbsp;<\/p><p>According to the recent filings on BSE, DroneAcharya Aerial Innovations Limited announced its inaugural order of supply of Agricultural Spraying Drones from Vimaan Aerospace.&nbsp;<\/p><p>On February 6th, the company signed a Memorandum of Understanding (MoU) with Vimaan Aerospace Pvt. Ltd on the provision of drones and drone-related training and services.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1815264988\"><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>This collaboration is primarily focused on applications in the agriculture sector, survey and surveillance, solar panel cleaning, windmill maintenance, facade cleaning, and defense, among other promising avenues.&nbsp;<\/p><p>In terms of financials, the company\u2019s revenue from operations increased by 999.47% YoY from Rs. 1.90 crore in Q2 FY22-23 to Rs. 20.89 crore in Q2 FY23-24, accompanied by an increase in net profit by 2946.15% to Rs. 3.96 crore in Q2 FY22-23 from Rs. 0.13 crore in Q2 FY23-24.&nbsp;<\/p><p>As of September 2023, the Promoters\u2019 holdings remain unchanged at 28.21 percent, whereas, the Public holds 70.49 percent of equity shares in the company.&nbsp;<\/p><p>Incorporated in 2017, Droneacharya Aerial Innovations Private Limited provides a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data using robust high-configuration workstations, drone pilot training &amp; specialised GIS training&nbsp;<\/p><p><strong>Written by Shivani Singh\u00a0<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-2652891415\"><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-3658866018\"><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>Share price of a leading player in the drone business moved up by 2.43 percent on Thursday to Rs. 189.60, compared to its previous closing price of Rs. 185.10, after the company received its inaugural order for the supply of Agricultural Spraying Drones from Vimaan Aerospace.&nbsp; With a market cap of Rs. 450 crore, shares [&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":[31,13525],"tags":[],"class_list":["post-118791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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