DroneAcharya Aerial Innovations, a prominent player in India’s drone technology industry, recently grabbed attention after securing an export order worth $2,40,000. The order involves supplying heavy payload drone components to a Lithuanian company, MB Darvilis. This deal highlights DroneAcharya’s growing presence in the global drone market, as it strengthens its position as a reliable supplier of advanced drone components. Despite this positive news, the company’s stock witnessed significant volatility in the market.
Share Price Movement After Export Order Announcement
Initially, DroneAcharya’s share price saw a 4% rise in early trading, reaching Rs 161. However, this upward trend didn’t last long. Soon after, the stock dropped sharply, falling to Rs 146. As of 11 AM on Monday, the share price stood at Rs 153, reflecting a 1.16% decline. Despite the promising export order, the stock remained under pressure, puzzling many investors who had anticipated a stronger market response.
Drone Industry Growth and New Opportunities in India
DroneAcharya’s recent order is part of the larger story of India’s rapidly expanding drone industry. In late August, the company also secured a Rs 50 lakh contract from IIT Ropar, aimed at training 150 individuals in drone technology. The project is part of the Punjab Skill Development Mission and will run from August 2024 to January 2025. India’s drone sector is growing fast, with annual sales projected to surge from Rs 60 crore in 2020-21 to Rs 900 crore by 2024-25. Nearly 90% of Indian airspace is now open for drones, creating a huge potential for growth and innovation.
Global Drone Market on the Rise – India’s Share to Expand
The global drone market is projected to reach $54 billion by 2025, and India is expected to capture a substantial $4.2 billion share, according to the EY-FICCI report titled “Making India the Drone Hub of the World.” By 2030, India’s stake in the global market could grow to $23 billion, positioning the country as a major player in this cutting-edge industry.
DroneAcharya’s Future Plans in Defense and Space Tech
Looking ahead, DroneAcharya is planning to make a significant mark in the defense sector. The company aims to expand its capabilities by developing advanced drones for ISR (Intelligence, Surveillance, and Reconnaissance) missions, anti-drone systems, and heavy payload drones with long-range capabilities. Additionally, the company is exploring space tech initiatives, including CubeSat and NanoSat solutions, to provide integrated sensors for various projects.
Performance of DroneAcharya’s Shares in Recent Months
DroneAcharya’s share price has seen ups and downs in the market. Over the last five days, the stock has returned over 28%, while in the past month, it has gained more than 18%. However, when looking at the past six months, the return is more modest at just over 5%. Investors should note that this year, the stock has caused a loss of approximately 20%, with its 52-week high standing at Rs 221 and the low at Rs 116.50.
