56.4% Returns from 52-Week Low: Back-to-Back Upper Circuits in This Defence Drone Stock Under Rs 100; Do you own it?

The company has a market cap of Rs 218 crore and the stock is up by 56.4 per cent from its 52-week low of Rs 58.05 per share.

On Wednesday, shares of DroneAcharya Aerial Innovations Limited hit a 5 per cent upper circuit to Rs 90.78 per share from its previous closing of Rs 86.46 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.

Incorporated in 2017, DroneAcharya Aerial Innovations Ltd is a DGCA-certified drone solution provider. They offer drone pilot training across India and provide services such as drone sales, maintenance, and project work in oil & gas and GIS data processing. DroneAcharya also offers consultancy, reality capture software, anti-drone solutions, and UTM air traffic management. Their services include land and underwater surveying, and through a partnership, they provide integrated drone solutions for bathymetry, drone shows, and environmental monitoring.

The company acquired PYI Technologies Private Limited for a cash consideration of Rs 49,000, securing a 49% stake that makes PYI Technologies a wholly-owned subsidiary. This strategic move, a related party transaction conducted on an arm’s length basis, is set to significantly expand DroneAcharya's business in drone manufacturing, trading, and training services within India, strengthening its market position and diversifying its offerings in the rapidly growing drone industry. PYI Technologies, incorporated on April 28, 2022, reported a turnover of Rs 14,80,418 for FY 22-23 and Rs 53,700 for FY 23-24.

IN FY25, the company reported net sales of Rs 47.79 crore and a net profit of Rs 5.57 crore. The company has a market cap of Rs 218 crore and the stock is up by 56.4 per cent from its 52-week low of Rs 58.05 per share.

Disclaimer: The article is for informational purposes only and not investment advice.