India will become the world's drone hub, these 5 stocks can take wings There is a huge potential for drones in agriculture, healthcare, tourism and other sectors, in view of which huge action is being seen in the companies making drones.
Stocks in focus: In order to increase the use of drones in the life of the common man, the Government of India has been softening its drone policy for the last few years. Now drone technology is not only related to the defense sector, but its interference in the life of the common man is increasing. There is a huge potential for drones in agriculture, healthcare, tourism and other sectors. In view of this, huge action is being seen in the companies making drones. Adani Enterprises has entered into an agreement for 50 percent stake in General Aeronautics Private Limited, seeing the huge potential in drone technology. Let us tell you that General Aeronautics provides commercial drone based services for the protection of crops.
Like Adani Enterprises, another company RattanIndia Enterprises has also acquired 60 per cent stake in Throttle Aerospace Systems Pvt Ltd (TAS), India's leading drone maker.
Drone technology is no longer limited to defense alone. There is a huge possibility that the Indian government may approve the use of drones in the supply chain systems of e-commerce companies. Soon we can see companies like Amazon and Flipkart supplying to their customers through drones. In view of the recent increased action in the Indian drone market, market experts are advising to keep an eye on the stock of 5 drone makers. These include the names of Zen Tech, Paras Defense, BEL, DCM Shriram and RattanIndia Enterprises.
Avinash Gorakshakar of Profitmart Securities says that after the liberal drone policy in July 2021, India's drone market is seeing strong action. Drone technology is expanding beyond defense into agriculture, healthcare, tourism, media and other industries. He further said that a company like Adani Enterprises is also going to enter the business of drones. In such a situation, the importance of the stock of the drone maker in an investor's portfolio increases.
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