RattanIndia Enterprises soars as its arm planning to launch consumer micro drones across India
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RattanIndia Enterprises is currently trading at Rs. 45.05, up by 1.30 points or 2.97% from its previous closing of Rs. 43.75 on the BSE.
The scrip opened at Rs. 45.50 and has touched a high and low of Rs. 45.50 and Rs. 44.50 respectively. So far 41074 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 70.65 on 27-Jul-2021 and a 52 week low of Rs. 4.48 on 06-Apr-2021.
Last one week high and low of the scrip stood at Rs. 45.50 and Rs. 40.10 respectively. The current market cap of the company is Rs. 6047.43 crore.
The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 9.03% and 16.16% respectively.
RattanIndia Enterprises’ (REL) 100% subsidiary-- NeoSky India is planning to develop and launch consumer micro drones across India. NeoSky is working on a well-defined strategy and is aiming to be the first Indian company to achieve this milestone. These drones will be widely used, at weddings, in sports coverage, broadcasting, amateur travel vlogs, surveillance and warehouse management. Indigenously developed consumer micro drones, are largely expected to be better than the current options available in international markets. Integrating NextGen technologies & smart innovations these micro drones will be enabled with autonomous flight management capability and some industry first features.
RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.
