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DroneAcharya shares climb to 12.88% amid expansion plans

Inshorts · 8m ago

DroneAcharya shares climb to 12.88% amid expansion plans

Shares of DroneAcharya Aerial Innovations rallied as much as 12.88% to touch an intraday high of ₹131.00 on the BSE on December 16 after the company announced its strategic expansion into the Middle East through a new subsidiary in Abu Dhabi. The expansion comes as DroneAcharya reported H1FY25 PAT of ₹1.50 crore, down 62.1% YoY, despite revenue growing 28.8% to ₹26.90 crore.

Related News

DroneAcharya Jumps 20% To Hit Upper Circuit On Co’s Bullish Growth Forecast For FY25

Inc42 · 11m ago

DroneAcharya Jumps 20% To Hit Upper Circuit On Co’s Bullish Growth Forecast For FY25

DroneAcharya, an Indian startup, saw a surge in its stock price on the BSE, with over 1.3 million of its shares being traded. This led to an increase in its market capitalization to INR 340.64 crore (approximately $4 million). The company also announced plans to expand its DGCA-certified drone pilot training centers, aiming for fourfold growth. Additionally, DroneAcharya is focusing on the Indian drone-as-a-service market, developing AI solutions for agriculture.

Bloodbath In New-Age Tech Stocks As Broader Market Slumps; IndiaMART The Only Gainer This Week

Inc42 · 1y ago

Bloodbath In New-Age Tech Stocks As Broader Market Slumps; IndiaMART The Only Gainer This Week

Indian new-age tech stocks faced a major correction this week, with 18 out of 19 stocks experiencing declines. Yudiz Solutions was the biggest loser, falling 32.8%, followed by Fino Payments Bank and DroneAcharya Aerial Innovations. Paytm's shares continued to be volatile as it faced selling pressure due to developments following the Reserve Bank of India's crackdown on Paytm Payments Bank. Nazara Technologies announced plans to allocate $100 million for mergers and acquisitions, while DroneAcharya secured contracts with the Adani Group, Earthtree Enviro Pvt. Ltd., and the Indian Army.

DroneAcharya shares jump 3.2% after securing contract from TCS & BofA’s bulk deal

Inc42 · 1y ago

DroneAcharya shares jump 3.2% after securing contract from TCS & BofA’s bulk deal

Shares of DroneAcharya rose 3.2% to INR 195 on the BSE after securing a contract worth INR 15.8 lakh from Tata Consultancy Services (TCS). BofA Securities Europe SA also recently purchased 1.67 lakh shares in a bulk deal worth over INR 3 crore. The agreement with TCS involves the supply of a 5G-enabled drone with a visual camera and ground control station for remote access and live data relay. DroneAcharya offers drone-based solutions across various sectors and has recently signed an agreement to acquire a 51% stake in PYI Technologies.

New-Age Tech Stocks Witness A Volatile Week; TAC Infosec Top Gainer

Inc42 · 1y ago

New-Age Tech Stocks Witness A Volatile Week; TAC Infosec Top Gainer

Indian new-age tech stocks witnessed mixed performance this week as the broader market remained volatile amid global political tension and foreign institutional investors continued to sell domestic shares. Eight out of the 20 new-age tech stocks covered by Inc42 increased in value, with TAC Infosec being the biggest gainer for the third consecutive week, while DroneAcharya was the biggest loser. The Sensex and Nifty50 indices gained 0.2% and 0.25% respectively. Market experts expect the market to consolidate in a broader range with geopolitical headlines likely to influence trading.

DroneAcharya shares rally 7% intraday after startup secures contract from Indian Army

Inc42 · 1y ago

DroneAcharya shares rally 7% intraday after startup secures contract from Indian Army

Shares of Pune-based drone startup DroneAcharya Aerial Innovations surged by 7% during intraday trading after securing a contract from the Indian Army. The contract involves providing capacity building and advanced drone training to senior officers at the Mechanised Army Courses Group, Ahmednagar. The training program will cover drone piloting as well as the use of drones in disaster management. This contract marks a milestone for DroneAcharya and highlights the increasing adoption of drone technology in the defense sector.

DroneAcharya Shares Rally 5% After Startup Bags New Contracts

Inc42 · 1y ago

DroneAcharya Shares Rally 5% After Startup Bags New Contracts

DroneAcharya Aerial Innovations, a drone startup based in Pune, saw a 5% increase in its shares on the BSE SME platform after securing new contracts from the Indian defense forces. The startup received an order from the Ministry of Defence to supply IT hardware for a drone lab in Jammu and Kashmir, as well as contracts to provide drone hardware to the Northern Command and its precision mapping system to Earthtree Enviro. Founded in 2017, DroneAcharya offers drone-based enterprise solutions and has recently received accreditation from the Directorate General of Civil Aviation.

New-Age Tech Stocks’ Winning Streak Ends; Yudiz Biggest Loser This Week

Inc42 · 1y ago

New-Age Tech Stocks’ Winning Streak Ends; Yudiz Biggest Loser This Week

Indian new-age tech stocks experienced a mixed performance this week, with some stocks declining while others registered gains. Among the losers were Yudiz, PB Fintech, Nazara Technologies, Delhivery, Paytm, and RateGain. On the other hand, DroneAcharya emerged as the biggest gainer, followed by Nykaa, Zomato, ideaForge, and EaseMyTrip. The broader market saw a positive trend, with benchmark index Nifty 50 gaining 1.88% and Sensex rallying 1.86%. Paytm shares fell 2.3%, while Zomato continued its rally, touching another 52-week high. DroneAcharya gained 14.5% after launching the BHUJANG drone.

DroneAcharya Gets DGCA Nod To Open 5th Remote Pilot Training Centre in Karnataka

Inc42 · 1y ago

DroneAcharya Gets DGCA Nod To Open 5th Remote Pilot Training Centre in Karnataka

DroneAcharya will establish a training center in Dharwad to provide drone training to 240 officials from the Karnataka forest department. This comes after the startup received an order worth INR 96 Lakh to train the officials. DroneAcharya has also secured contracts with the Adani Group and the Indian Army.

DroneAcharya to acquire 51% stake in PYI Technologies to expand value-added offerings

Inc42 · 1y ago

DroneAcharya to acquire 51% stake in PYI Technologies to expand value-added offerings

DroneAcharya Aerial Innovations, a drone startup, has agreed to acquire a 51% stake in PYI Technologies, a Pune-based startup offering camera drones and DIY drone kits. The financial terms of the deal were not disclosed. The acquisition is a strategic move for DroneAcharya to expand its services and enhance its offerings in the drone industry. In addition, DroneAcharya has secured a tender worth INR 1.4 Cr for supplying surveying drones to the Haryana government's DRIISHYA project. The Indian drone industry is projected to reach a market size of over $13 Bn by 2030.

Coinbase shares climb after unexpected Return to profitability

Livemint

Livemint · 1y ago

Coinbase shares climb after unexpected Return to profitability

Coinbase, the largest US cryptocurrency exchange, reported its first profit in two years, with a fourth-quarter rebound in digital-asset markets boosting trading revenue. The company's revenue surged 51% to $953.8 million, exceeding analysts' expectations. Coinbase's net income was $273 million, compared to a loss of $557 million in the previous year. The increase in revenue was driven by a significant rise in consumer and institutional transaction revenue. Coinbase's shares rose over 15% in after-hours trading following the news.

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