India's Droneacharya Aerial rises after order win

Droneacharya Aerial Innovations

03/05/2024 07:06

** Shares of drone supplier Droneacharya Aerial Innovations
 DRON.BO  up 3% at 156 rupees
    ** DRON receives work order valued at AED 239,819 
($65,295.96) from Alter Dynamics & Artificial Intelligence 
    ** Stock set to snap three straight sessions of losses if
gains hold; DRON, however, on track for second straight weekly
loss 
    ** Stock is trading below its 100-, 200-day moving avgs
    ** DRON down 18.6% YTD, after a 40.3% rise in 2023 


($1 = 3.6728 UAE dirham)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))