The rise of the Indian drone industry-five stocks to watch out for

Stocks to buy: To maximize the usefulness of drones in public, the Government of India has liberalized drone policies over the last few years. Drones are not limited to the defense sector, as the Ministry of Civil Aviation is currently modifying the way drones are used in agriculture, medical, tourism and other sectors. Therefore, much activity is taking place at drone manufacturers as Adani Enterprises has signed a final agreement to acquire a 50% stake in General Aeronautics Private Limited, which provides commercial drone-based solutions for crop protection. Like Adani Enterprises, Rattan India Enterprises has acquired a 60% stake in Throttle Aerospace Systems Pvt Ltd (TAS), a leading Indian drone manufacturer.

According to stock market experts, the Government of India (GoI) is currently considering drones that go beyond the defense sector. GoI currently permits the use of drones in agriculture, healthcare, and several other sectors. They said the drone coverage increased from 300kg to 500kg after the new drone policy released in July 2021. Currently, the Government of India is likely to allow the use of drones in the supply chain systems of e-commerce companies such as Amazon and Flipkart. Focusing on recent activity in the Indian drone market, they have listed five drone-making stocks to buy. These five drone-manufacturing stocks are Zen Tech, Paras Defense, BEL, DCM Shriram and Rattan India Enterprises.

Avinash Gorakshkar, Head of Research at Profitmart Securities, said of the Indian drone industry: .. Today, it is considered a useful technology for agriculture, healthcare, tourism, media and other industries. As in the United States, the Government of India is likely to allow supply chain e-commerce platforms such as Amazon and Flipkart to use drones. .. With the entry of Adan Enterprise into this business, he said, he could understand the importance of holding drone shares in his portfolio.

Ravi Singhal, Vice President of GCL Securities, reflects Avinash Gorakshkar’s view: A major drone manufacturing company in India. In fact, Indian billionaire Gautam Adani will also enter the drone business after signing a final agreement to acquire a 50% stake in General Aeronautics, a company that provides commercial drone-based solutions. For crop protection. “

Avinash Gorakshkar of Profitmart Securities was asked about the drone stocks he could buy. “The Indian drone market is set to a breakthrough frog, and major drone companies listed on the Indian stock exchange are expected to benefit from this. Before buying drone stock, You can see stocks such as Zen Tech, Paras Defense, BEL, DCM Shriram, Rattan India Enterprises.

When hosting a drone festival in New Delhi, Prime Minister Narendra Modi called the drone a “game changer” in the agricultural sector and pointed out the need for drones to improve last mile health care. He said during COVID he helped the drone deliver the vaccine to the farthest corners of the country. Prime Minister Modi has invited investors from domestic and overseas markets and said the PLI scheme will soon be introduced to build a drone manufacturing ecosystem in India.

Disclaimer: The above views and recommendations are those of individual analysts or intermediaries, not Mentha.

apply Mint newsletter

* Please enter a valid email address

* Thank you for subscribing to the newsletter.


Leave a Comment