DroneAcharya Innovations has seen a 5% rise in its stock price following the announcement of its strategic expansion into the Middle East.
The company has incorporated a new entity in Abu Dhabi, UAE, under the name DRONE ENTRY AERIAL SERVICES – L.L.C., with DroneAcharya holding a 99% stake. This new venture will focus on aerial surveys, drone sales and leasing, and surveillance and inspection services, catering to the growing demand for drone technology in sectors like oil & gas, real estate, logistics, and smart cities.
With this move, DroneAcharya aims to tap into high-growth markets in the UAE and the wider Middle East region, creating opportunities for new strategic partnerships and diversifying revenue streams. The expansion enhances the company’s position as a global leader in UAV (Unmanned Aerial Vehicle) technology, further reinforcing its global market leadership.
DroneAcharya’s stock opened at 114.10, reaching a high of 121.90 and closing at the same value. With a 52-week high of 217.95 and a low of 110.00, the stock remains well below its high.
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