{"id":90352,"date":"2023-02-15T12:40:00","date_gmt":"2023-02-15T07:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=90352"},"modified":"2023-02-15T12:29:09","modified_gmt":"2023-02-15T06:59:09","slug":"drone-stock-jumps-10-as-it-launches-2-drones-with-20kg-of-carrying-capacity","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/drone-stock-jumps-10-as-it-launches-2-drones-with-20kg-of-carrying-capacity\/","title":{"rendered":"Drone stock jumps 10% as it launches 2 drones with 20kg of carrying capacity"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2344324094\"><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 Rattanindia Enterprises Limited (REL) zoomed 10.39% on Wednesday\u2019s early trades to reach an intraday high of \u20b9 41.95 apiece. Its shares were trading at \u20b9 40.90 apiece at 11:44 AM on The National Stock Exchange (NSE).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-653153214\"><!-- 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>In an exchange filing on February 13, 2023, the company announced that it has launched two drones with a carrying capacity of 20 kg. The new series helps in massifying drone delivery usage across industries, by acting as a catalyst.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RTNINDIA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rattanindia Enterprises<\/a><\/strong> is active in new-age businesses including electric motorcycles, drone solutions, e-commerce and fintech. In addition, it has a presence in a wide range of businesses like software design and development, human resources, consultancy, and so on.\u00a0<\/p><p>It has designed a new platform to meet the increasing demand for deliveries using drones in the industry. Its L-series can carry significantly higher payloads. These drones are designed to work across various altitudes. They are designed, developed, and manufactured in India.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1671083620\"><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>Anjali Rattan, Business Chairperson of RattanIndia Enterprises said that the drone delivery market is expected to reach $32 billion (~INR, 2,50,000 Cr) by 2031 as per the market estimates. She said that REL spotted the segment early and has been innovating in this space for a while.&nbsp;<\/p><p>REL is a small-cap company with a market capitalization of \u20b9 5253 crores. It has an excellent return on equity of 141.41% and an ideal debt-to-equity ratio of 1.00. Its shares were trading at a price-to-earnings (P\/E)ratio of 12.46 which is higher than the industry P\/E of 8.04, indicating that the stock might be overvalued as compared to its peers. This could also mean that investors are willing to pay more for its future earnings.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-4014180768\"><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 Rattanindia Enterprises Limited (REL) zoomed 10.39% on Wednesday\u2019s early trades to reach an intraday high of \u20b9 41.95 apiece. Its shares were trading at \u20b9 40.90 apiece at 11:44 AM on The National Stock Exchange (NSE).&nbsp; In an exchange filing on February 13, 2023, the company announced that it has launched two [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"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":[2965,6181,6182,6183,6186,6185,6184,5214,5641,5946,5213,3226,5836,948,936,3153,3157,2597],"class_list":["post-90352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-drone-stock","tag-drone-stock-to-buy","tag-drone-stock-to-watch","tag-rattanindia-enterprises-limited","tag-rattanindia-enterprises-limited-jump-10","tag-rattanindia-enterprises-limited-latest-news","tag-rattanindia-enterprises-limited-share-price","tag-small-cap-stock-to-buy","tag-small-cap-stock-to-buy-in-2023","tag-small-cap-stock-to-buy-now","tag-small-cap-stock-to-watch","tag-small-cap-stocks","tag-small-cap-stocks-to-buy-now","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 jumps 10% as it launches 2 drones with 20kg of carrying capacity - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"In an exchange filing on February 13, 2023, the company announced that it has launched two drones with a carrying capacity of 20 kg. 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