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Stocks That May Gain From Latest Drone Rules 2021
The commercial drone market in India has grown significantly in recent years as a result of increased awareness, technological improvement, and growing usage across numerous verticals in the country, including mining, cinematography, and photography, and agriculture. The COVID-19 outbreak has brought attention to the importance of drones in India.
Additionally, government programs such as Make in India, which supports domestic drone manufacturing, would aid the commercial drone market's growth in India over the forecast period.
In the listed space, the number of companies that directly benefit from drone production is minimal. However, many new start-ups have recently entered the market, and I am confident that with adequate investment, they will expand and even seek an IPO in the near future.
Stocks That May Gain
According to the market analyst, Zomato Ltd will benefit because the food delivery business is completely prepared to deploy drones. Swiggy has also invested in drone manufacturing companies, according to him.
Zen Technologies and DCM Shriram Industries' stock has been soaring in recent days as a result of the new drone laws, according to analysts. Both businesses are involved in the drone industry. Zen Tech shares were soaring over 7% higher in early Friday trading.
RattanIndia Enterprises
On August 22, 2021, the board of RattanIndia Enterprises approved the formation of a completely owned subsidiary to begin the drone business in India.
RattanIndia Enterprises announced a strategic investment with Matternet, a U.S.-based urban drone logistics platform with operations in several countries around the world, on August 10, 2021. RattanIndia Enterprises is forming a wholly owned subsidiary to commence its UAV drone business activities, thanks to a strategic investment in Matternet.
Zen Technologies
On the BSE, shares of Zen Technologies soared to a 52-week high of Rs 107.75 during the trade on Friday, owing to large volumes. In the last three trading days, the stock of the defence company has increased by 30%.
Land-based military training simulators, driving simulators, live range equipment, and anti-drone systems are all manufactured by Zen Technologies. It also has its own training platform that integrates all of its product offers to deliver a real battle experience.
Zen Technologies' core business will continue to be anti-drone systems, drones, and training solutions, and the company claims to have all the simulators needed for the Indian Army's old equipment.
DCM Shriram
DCM Shriram recently announced an arrangement with Zyrone Dynamics, a Turkish UAV and drone manufacturer. "According to the agreement, the company would subscribe to 30% of the capital of the foreign company, consisting of 25715 shares, for a total investment of just over USD 1.05 million in five tranches over a period of about a year, subject to necessary approval with regard to foreign investment under FEMA Regulations," it said in an exchange filing on August 17.
Disclaimer
Investing in stocks is risky and investors should do their own research. The author, the brokerage firms or Greynium Information Technologies are not responsible for any losses incurred due to a decision based on the above article. Investors should hence exercise due caution as are at record peaks. Please consult a professional advisor
