Introduction:
Drone stock has secured a ₹1.34 crore contract for aerial survey and data processing. This deal enhances its position in drone services, leveraging advanced technology to provide geospatial data solutions and expand its capabilities in precision-driven aerial mapping and analysis.
Share Price movement of Drone Destination:
On February 19, 2025, Drone Destination Ltd opened at ₹108.00, reaching a high of ₹118.95, up 4.99% from its previous close of ₹113.30, and a low of ₹107.65. Currently, it is trading at ₹118.95, with a market cap of ₹290.24 crore.
Drone Destination new order:
Drone Destination Limited has secured a ₹1.34 crore contract from GarudaUAV Soft Solutions Pvt. Ltd., a Trentar Group company, for aerial survey and data processing. This contract strengthens its position in the drone services sector, leveraging advanced technology for geospatial data analysis.
The agreement aligns with Drone Destination’s growth strategy, expanding its capabilities in aerial data solutions. This project highlights the company’s expertise in drone-based surveying and reinforces its commitment to innovation, efficiency, and precision in geospatial data processing for various industries.
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Recent news About Drone Destination :
On Feb 5, 2025, Drone Destination Limited signed an MoU with Asteria Aerospace, a Jio Platforms subsidiary. The partnership aims to expand UAV services globally. It will focus on sectors like oil and gas, telecom, agriculture, mining, security, and surveillance.
Ace investor holding of Drone Destination:
Ace investor Vinita Guglani holds 467,444 shares of Drone Destination Ltd., with a valuation of ₹5.6 crore. Their previous holding was 1.92% as of September 2024, but updated filing data is awaited, reflecting potential changes in their investment strategy for the quarter.
Ace investor Rajesh kumar Guglani holds 247,900 shares of Drone Destination Ltd., valued at ₹2.9 crore. Their previous holding was 1.02% in September 2024, with updated filing details pending. This suggests a shift in their portfolio allocation, potentially adjusting exposure to the drone technology sector.
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Stock performance of Drone Destination for Period of 1 week, 6 months and 1 year:
Drone Destination’s stock declined by 17.3% over the past week, reflecting short-term volatility. Over six months, it saw a steep drop of 62.2%, indicating sustained weakness. The one-year performance shows a 38.0% decline, highlighting ongoing bearish trends and significant valuation challenges.
Shareholding pattern of Drone Destination:
| Summary | Sep-24 | Mar-24 |
| Promoter | 61.30% | 61.30% |
| FII | 1.20% | 3.00% |
| DII | 0% | 0% |
| Public | 37.50% | 35.70% |
About Drone Destination:
Drone Destination is a leading provider of drone-based solutions, specializing in aerial surveys, data processing, and training. The company focuses on expanding drone applications across industries, leveraging advanced technology to enhance geospatial analysis, logistics, and commercial drone operations in India’s growing UAV sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
