{"id":123358,"date":"2024-04-30T16:42:21","date_gmt":"2024-04-30T11:12:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123358"},"modified":"2024-04-30T16:42:26","modified_gmt":"2024-04-30T11:12:26","slug":"drone-stock-hits-5-upper-circuit-after-company-partners-with-drone-soccer-association-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-hits-5-upper-circuit-after-company-partners-with-drone-soccer-association-india\/","title":{"rendered":"Drone stock hits 5% upper circuit after company partners with Drone Soccer Association India\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3412264170\"><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>Shares of this Drone service and training company clocked 5 percent upper circuit in Tuesday\u2019s trading session after joining hands with Drone Soccer Association India to introduce Drone Soccer in India.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3187254529\"><!-- 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 capitalization of Rs. 649 crores, the shares of <strong>Drone Destination Ltd<\/strong> started Tuesday\u2019s trading session on a higher note at Rs. 266 compared to its previous close of Rs. 254.55. During the trading session, the shares locked 5 percent upper circuit at Rs. 267.25 apiece.\u00a0<\/p><p>Such a bullish movement in the share price was observed after the company in an exchange filing announced that they had joined hands with Drone Soccer Association India (DSAI), and received exclusive training, sales and marketing rights to proliferate Drone Soccer adoption in India.&nbsp;<\/p><p>Furthermore, Drone Soccer made its official debut in India. Combining aerial robotics with the competitive spirit of soccer, this innovative sport promises to revolutionize the landscape of recreational and professional gaming alike.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2252458770\"><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>With its fast-paced gameplay and accessibility, Drone Soccer is a new hybrid sport that appeals to a wide spectrum of age groups (6 years to 75 years), including both seasoned gamers and newcomers.&nbsp;<\/p><p>The Federation of International Drone Soccer Associations (FIDA), akin to FIFA in traditional soccer, is the leading global authority for advancing Drone Soccer worldwide.&nbsp;<\/p><p>With over 20 member countries, FIDA promotes and regulates Drone Soccer across continents and is set to host the inaugural Drone Soccer World Cup in 2025 in Korea.&nbsp;<\/p><p>In India, the Drone Soccer Association India (DSAI) is a key founding member of FIDA, responsible for governing and organizing drone soccer activities nationally and internationally, including leagues, tournaments, and team selection for the upcoming World Cup. DSAI will also send India\u2019s first team to the Drone Soccer World Cup in Korea in 2025.&nbsp;<\/p><p>Moreover, This association marks Drone Destination\u2019s foray into Drone sports and the company shall be responsible for conducting various training programs for Drone Soccer and setting up Drone Soccer arenas and academies in the country, along with marketing and sales of drone soccer equipment.&nbsp;<\/p><p>Coming onto the company\u2019s financial statements, revenue was increased by 371 percent from Rs. 2.56 crores during FY 21-22 to 12.07 crores in FY 22-23. In addition, the net profit magnified by 1,933 percent from Rs. 21 lakhs to 2.44 crores during the same time frame.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1038819871\"><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><p>The company aims to open over 150 Drone Hubs across India within the next three years, offering services such as drone rentals, certified pilots, enterprise solutions, repair and maintenance support, and specialized training.&nbsp;<\/p><p>Headquartered in New Delhi, The Drone Destination Ltd is a sister company of Hubblefly Technologies. The company is a DGCA-approved manufacturer and Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-3821317049\"><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>Shares of this Drone service and training company clocked 5 percent upper circuit in Tuesday\u2019s trading session after joining hands with Drone Soccer Association India to introduce Drone Soccer in India.&nbsp; With a market capitalization of Rs. 649 crores, the shares of Drone Destination Ltd started Tuesday\u2019s trading session on a higher note at Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":123359,"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":[14079,14078,17950,10496,948,936,3153,3157,2597],"class_list":["post-123358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-drone-destination-latest-news","tag-drone-destination-share-price","tag-drone-soccer","tag-drone-stocks","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"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 hits 5% upper circuit after company partners with Drone Soccer Association India\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this Drone service and training company clocked 5 percent upper circuit in Tuesday\u2019s trading session after joining hands with Drone Soccer Association India to introduce Drone Soccer in India.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/drone-stock-hits-5-upper-circuit-after-company-partners-with-drone-soccer-association-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drone stock hits 5% upper circuit after company partners with Drone Soccer Association India\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this Drone service and training company clocked 5 percent upper circuit in Tuesday\u2019s trading session after joining hands with Drone Soccer Association India to introduce Drone Soccer in India.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/drone-stock-hits-5-upper-circuit-after-company-partners-with-drone-soccer-association-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-30T11:12:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-30T11:12:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/04\/drone-soccer-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/drone-stock-hits-5-upper-circuit-after-company-partners-with-drone-soccer-association-india\/\",\"url\":\"https:\/\/tradebrains.in\/features\/drone-stock-hits-5-upper-circuit-after-company-partners-with-drone-soccer-association-india\/\",\"name\":\"Drone stock hits 5% upper circuit after company partners with Drone Soccer Association India\u00a0 - 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