Drone stock jumps 3.5% after receiving work order from Alter Dynamics & Artificial Intelligence
Bengaluru, May 3 -- The shares of the high-end ecosystem of Drone solutions gained up to 3.5 percent after the company received a work order from Alter Dynamics & Artificial Intelligence worth Rs 53.00 lakhs.
With a market capitalization of Rs 371.82 crore, the shares of Droneacharya Aerial Innovations Ltd were trading at Rs 155.80 per share, increasing around 3 percent as compared to the previous closing price of Rs 151.35 apiece.
According to the company filing, Alter Dynamics & Artificial Intelligence has issued a work order to Droneacharya Aerial Innovations Ltd for Rs 53.00 lakh. The project involves the use of drones to check piles above water, meeting the demanding criteria of the Abu Dhabi National Oil Company (ADNOC).
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