India's DroneAcharya rises on deal to re-sell, make radar products

Droneacharya Aerial Innovations

20/08/2024 09:14

** Shares of DroneAcharya Aerial Innovations  DRON.BO  rose
as much as 4.2%, last up 2.8% at 133 rupees
    ** Drone-maker signed a deal to become re-seller of SISIR
Radar products in Southeast Asia and Africa and to jointly
develop radar-based products
    ** Stock fell in three straight weeks, losing 6.6%; it is up
1.6% so far this week
    ** DRON down ~30% YTD vs ~15% decline in rival ideaForge
Technology  IDEF.NS 

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))