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Telecom stock jumps after it partners with a Taiwan-based firm to manufacture drones in India

Leading Indian telecommunications manufacturer has teamed up with Taiwan's KunWay Technology to localize drone production in India, supporting the "Make in India" initiative and boosting the country's drone and defense sectors.
Telecom stock surges as it partners with Taiwan firm for drone manufacturing in India."
Telecom stock surges as it partners with Taiwan firm for drone manufacturing in India."

Introduction:

Leading Indian telecommunications and electronics manufacturer has partnered with Taiwan-based KunWay Technology to localize drone production in India. This strategic collaboration aims to enhance the country’s drone market, contributing to the “Make in India” initiative and strengthening defense sector capabilities.

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Also Read: Railway stock jumps after it emerges as lowest bidder for financing ₹3,167 Cr project

Share price movement of Optiemus Infracom:

On January 15, 2025, Optiemus Infracom Limited opened at ₹722.05, up 3.80% from its previous close of ₹695.70. The stock reached a high of ₹722.05 and a low of ₹675.95. By 1:05 PM, it traded at ₹698.05, a 0.34% increase, with a market cap of ₹5,993.26 crore.

ptemus Partners with KunWay for Drone Manufacturing:

Optiemus Infracom Limited’s subsidiary, OpemUS Unmanned Systems Private Limited (OUS), has partnered with Taiwan-based KunWay Technology to manufacture a variety of drones in India. This collaboration marks a significant step toward localizing drone production to cater to the Indian market.

The partnership will allow OUS to manufacture and sell KunWay’s drone products from its state-of-the-art Noida facility. Both companies are committed to supporting the Indian government’s “Make in India” vision, contributing to the country’s growing drone and defense sectors.

KunWay, based in Taiwan, specializes in drone products and AI system development. The company, known for its global clientele in the U.S. and Japan, will leverage its expertise alongside OUS to deliver cutting-edge drone solutions tailored to the evolving needs of Indian customers.

Ace investor holding in Optiemus Infracom:

Ashok Mittal 

Ashok Mittal holds a 1.02% stake in Optiemus Infracom Limited, with an investment of 872,154 shares valued at ₹60.9 crore. This reflects his significant presence in the company’s growing telecommunications and electronics sector.

Stock performance of Optiemus Infracom for Period of 1 week, 6 months and 1 year:

Optiemus Infracom Limited has seen a 8.95% decline in its stock price over the past week. However, the company has experienced impressive growth with an 82.1% return over six months and a 129% return over the past year.

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Shareholding pattern of Optiemus Infracom:

All values in %Sep 2024Jun 2024Mar 2024
Promoter74.90%74.90%74.90%
FII0.60%0%0.00%
DII0.30%0.00%0.10%
Public24.20%24.90%25.00%
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About Optiemus Infracom:

Optiemus Group (NSE: OPTIEMUS) is a leading Indian telecommunications and manufacturing enterprise with nearly three decades of experience. It specializes in mobile and telecom products, offering distribution, marketing, and manufacturing solutions across the Indian subcontinent.

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.

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