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DroneAcharya Aerial Innovations recently announced a $240,000 export order for drone components, which initially pushed its share price up by 4% to ₹161. However, the stock quickly declined to ₹146 and was trading around ₹153, down 1.16%, by 11 AM.
Export Order Details
This order involves supplying components for heavy payload logistics drones to MB Darvilis in Lithuania. The company stated that this contract solidifies its reputation as a reliable supplier of advanced drone components, boosting its global credibility.
Growth of India’s Drone Sector
In addition to the export order, DroneAcharya secured a ₹5 million contract from IIT Ropar to train 150 individuals in drone technology as part of the Punjab Skill Development Mission, running from August 2024 to January 2025. The Indian drone industry is rapidly expanding, with annual sales projected to rise from ₹600 million in 2020-21 to ₹9 billion by 2024-25. Notably, around 90% of Indian airspace has been opened for drones flying up to 400 feet.
Market Potential
According to an EY-FICCI report titled “Making India the Drone Hub of the World,” the global drone market is expected to reach $54 billion by 2025. India is projected to capture a $4.2 billion share, which could grow to $23 billion by 2030.
Future Plans for DroneAcharya
The company aims to leverage defense sector orders, developing advanced drones for ISR missions, anti-drone solutions, and heavy payload drones with long-range capabilities. Additionally, DroneAcharya is initiating projects involving integrated sensors and nanosat solutions, enhancing its footprint in defense and space technology.
Share Price Performance
In the past five days, DroneAcharya’s stock has returned over 28%, with an 18% increase in the last month. However, it has seen only a 5% rise over six months and has faced a 20% loss for investors this year. The stock’s 52-week high is ₹221, while the low is ₹116.50.
As DroneAcharya continues to adapt to the evolving drone market, its success will depend on capitalizing on new contracts and expanding its technological capabilities.
