Introduction:
Leading drone services provider has secured its first direct contract from the Survey of India for 2D/3D urban mapping under the NAKSHA Pilot Project. The initiative will modernize urban land records across 13 cities, expanding nationwide in the coming years.
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Share price movement of Drone Destination:
On December 31, 2024, Drone Destination Limited opened at ₹202.95, up 2.66% from its previous close of ₹197.65. The stock reached a high of ₹207.50 (4.98%) and a low of ₹190.10. By 4:00 PM, it traded at ₹205.85, a 4.13% increase, with a market cap of ₹504.22 crore.
Drone Destination Wins NAKSHA Contract:
Drone Destination Limited has won its first direct contract from the Survey of India for 2D/3D urban mapping under the NAKSHA Pilot Project. This contract marks a key achievement in the company’s growth within the geo-spatial sector.
As part of the NAKSHA Pilot Programme, Drone Destination will conduct drone surveys in 13 cities out of approximately 130. This initiative, sanctioned by the Department of Land Resources, aims to modernize urban land records nationwide.
The NAKSHA programme, part of the Digital India Land Records Modernisation Programme, aims to digitize land records across 130 cities within a year. The project will expand to 4900 urban local bodies over the next five years.
Stock performance of Drone Destination for Period of 1 week, 6 months and 1 year:
Drone Destination Limited has shown a 6.46% return over the past week, reflecting positive short-term growth. However, it experienced a 54.1% decline over the last six months, while showing a strong 32% return over the past year.
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Shareholding pattern of Drone Destination:
| All values in % | Sep 2024 | Mar 2024 |
| Promoter | 61.30% | 61.30% |
| FII | 1.20% | 3.00% |
| DII | 0% | 0% |
| Public | 37.50% | 35.70% |
About Drone Destination:
Drone Destination Limited (NSE: DRONE), India’s largest drone pilot training and Drone-as-a-Service company, is known for its integrated drone ecosystem, combining manufacturing, certified training, and services. Backed by a highly experienced management team, it is a market leader.
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.
