DroneAcharya Shares Surge 6% After Securing Order From Tata Communications

DroneAcharya Shares Surge 6% After Securing Order From Tata Communications

SUMMARY

Shares of drone solutions provider DroneAcharya surged as much as 6.26% to INR 107.75 during intraday trading on BSE today, before closing 3.55% higher at INR 105

The rally came after the company secured a INR 5.5 Lakh contract from Tata Communications for building a customised static drone solution for their experience centre

The drone technology company has recently expanded into the UAE market and partnered with Canada's Volatus Aerospace for manufacturing drones in India, despite its H1 FY25 profit declining 62.1% to INR 1.50 Cr

Shares of DroneAcharya Aerial Innovations surged as much as 6.26% to INR 107.75 during the intraday trading session on the BSE today (January 14) after the company announced securing an order from Tata Communications. 

However, the stock shed some of its gains later and ended today’s trading session 3.55% higher at INR 105 on the BSE. 

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