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There is good news about drone manufacturing company Drone Destination Limited. The company has received Agristar 2.0 certification for its agricultural spray drone. The company gave this information yesterday i.e. Friday. After this approval from DGCA, the shares of the drone manufacturing company have surged. Shares of Drone Destination Limited managed to rise by more than 3 percent yesterday i.e. Friday.
Money doubles in 5 months
On the last trading day of the week, the company’s shares on the NSE traded at Rs. opened at 148.05. In no time, the company’s shares rose to Rs. An intra-day high of 153 was reached. The share price of the company has seen an increase of over 129 percent in the last 5 months. That means the money of positional investors has doubled in these 5 months.
Strong news on defense stocks, investors cheered, stocks rise
The IPO came this year
The IPO of Drone Destinations Limited was opened on July 7 this year. The company’s IPO price band is Rs. 62 to Rs. 65 per share was fixed. The company placed 2000 shares in one lot. Due to which any investor had to bet at least 1,30,000 rupees.
According to Trendlyne data, there has been a growth of 13 percent in the last one month. At the same time, there has been a 15.5 percent increase in the last 3 months.