Indian drone firm DroneAcharya hits record low

Shares of DroneAcharya Aerial Innovations fell by 5% to 61.07 rupees (US$0.70) on Mar. 17, marking a record low on the Bombay Stock Exchange (BSE).

DroneAcharya’s stock price has decreased by 40% from its December 2022 listing price of 102 rupees (US$1.18).

There has been a further drop of 16% over the past month.

The company, established in 2017 by Prateek Srivastava, focuses on drone manufacturing, training, and services including mapping and drone deliveries.

DroneAcharya is navigating stock challenges while expanding in India’s drone market, projected to exceed US$13 billion by 2030.

Recent DroneAcharya developments

Timeline
17-Feb-2025 📉 India’s DroneAcharya stock tumbles to all-time low DroneAcharya shares drop 6.6% to 73 rupees Profit down 62.1% amid rising revenue in H1 FY25
31-Jan-2025 🚁 Indian drone tech firm secretary resigns amid merger talks Harshal Kher resigns from DroneAcharya. Resignation follows merger talks with AITMC Ventures.
29-Jan-2025 🚁 Indian drone tech firm secures $21k contract with Indian Army DroneAcharya’s shares rise 4% after army contract. Contract includes training lab and hardware supply.

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Recent DroneAcharya developments

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