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Telecom stock jumps after it partners with drone based company

Indian company partners with LS Spectrum Solutions to introduce drone-based spectrum analyzers in India, enhancing spectrum management for defense, telecom, and homeland security while supporting the ‘Make in India’ initiative.
Telecom stock surges after partnership with drone-based company, enhancing industry prospects and innovation.

Introduction:

Leading Indian company has partnered with LS Spectrum Solutions Pvt. Ltd. to introduce advanced drone-based spectrum analyzers in India. This collaboration will enhance spectrum management for defense, telecommunications, and homeland security, supporting India’s ‘Make in India’ initiative.

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Share price movement of Optiemus Infracom:

On January 3, 2025, Optiemus Infracom Ltd. opened at ₹763.05, up 2.63% from its previous close of ₹743.50. The stock reached a high of ₹767.00 (1.71%) and a low of ₹749.65. By 10:22 AM, it traded at ₹756.25, with a market cap of ₹6,492.95 crore.

Optiemus Partners for Drone Solutions:

Optiemus Unmanned Systems Pvt. Ltd., a wholly owned subsidiary of Optiemus Infracom Limited, has partnered with LS Spectrum Solutions Pvt. Ltd., a subsidiary of Germany’s LS Telecom AG, to introduce cutting-edge drone-based spectrum analyzers in India. The collaboration will strengthen India’s defense sector and align with the ‘Make in India’ initiative.

Optiemus will assemble and distribute LS Spectrum’s products in Noida, marking a significant leap in drone services for defense and telecom sectors. The drones will enable improved spectrum management, supporting industries like telecommunications, defense, and homeland security.

The partnership aims to provide advanced solutions for spectrum surveillance, direction finding, electronic support measures, and more. By leveraging local expertise, Optiemus plans to offer cost-effective, precise, and innovative spectrum analysis solutions tailored to India’s needs.

Ace investor holding in Optiemus Infracom:

Ashok Mittal

Ashok Mittal holds a 1.02% stake in Optiemus Infracom Ltd., owning 872,154 shares valued at ₹65.7 crore. This investment reflects his significant involvement in the company’s growth and market presence.

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

Optiemus Infracom Ltd. has shown strong performance with a 5.12% return over the past week. Its six-month return stands at 98.9%, while the one-year return is impressive at 136%, highlighting significant growth and investor confidence.

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Shareholding pattern of Optiemus Infracom:

All values in %Sep 2024Jun 2024Mar 2024
Promoter74.90%74.90%74.90%
FII0.60%0.20%0.00%
DII0.30%0.00%0.10%
Public24.20%24.90%25.00%

About Optiemus Infracom:

Optiemus Infracom Ltd. (NSE: OPTIEMUS) is a leading telecommunications enterprise with over three decades of experience in mobile distribution, manufacturing, and retail. The company pioneered mobile phone sales in India in 1995, offering innovative technology products.

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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