This multibagger small-cap drone company doubles its cargo drone capacity with the launch of a new model!
The company currently offers a comprehensive range of three models and four variants for both high and medium altitudes within the L-Series, designed to cater to the needs of industries such as defence, eCommerce, healthcare, paramilitary and police.
Rattan India Enterprises Limited, serves as the growth vehicle for RattanIndia Group's innovative businesses that aim to drive progress in the modern era. The company is dedicated to ventures that employ advanced technologies capable of revolutionizing the lives of over a billion Indians. Its primary focus lies in electric mobility (Revolt Motors), drones (Neosky), ecommerce (Cocoblu Retail), fashion brands (Neobrands) and fintech (Wefin).
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RattanIndia Enterprises Ltd. (REL) has introduced a new cargo drone called the 'L-40,' developed by TAS (Throttle Aerospace Systems). The L-Series platform, which initially included the L-20 and L-15 models, has now expanded its carrying capacity from 20kg to an impressive 40kg within the last quarter. The company currently offers a comprehensive range of three models and four variants for both high and medium altitudes within the L-Series, designed to cater to the needs of industries such as defence, eCommerce, healthcare, paramilitary and police.
RattanIndia Enterprise’s revenue grew significantly in FY23 by 597.85 per cent to Rs 4,138.2 crore as compared to FY22 and had a net loss of Rs 285.81 crore
On Tuesday the shares of RattanIndia Enterprises plunged by 3.18 per cent from the previous close of 38.98.
The company gave excellent returns of 1,800 per cent for the past 3 years and marvellous returns of 755 per cent for the past 5 years.
Investors should keep a close eye on this multibagger small-cap stock.