Penny stock under Rs 55: Defence Drone Company Neosky Partners with the Karnataka Government to Deploy Drones for Enhanced Security
DSIJ Intelligence-1 / 04 Aug 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 45 per cent from its 52-week low of Rs 37.45 per share and has given multibagger return of over 2,500 per cent in 5 years.
RattanIndia Enterprises Ltd (REL)'s wholly-owned subsidiary, NeoSky India Limited, is significantly enhancing security capabilities in Karnataka through strategic drone deployments. NeoSky recently provided drones to the Kalaburagi district administration and is poised to supply an additional 60 Tavas drones to the Karnataka Police. The Tavas drone is notable for its foldable design, swappable payloads, and advanced six-sided obstacle avoidance using LiDAR technology, making it a versatile tool for various security operations.
NeoSky's collaboration extends across India's security landscape, working with armed forces, paramilitary units, and state police to address evolving national security needs. Their recent deployments to the Karnataka Police include advanced surveillance drones like Nimble-I, which features day and night surveillance, swappable payloads, and AI-enabled capabilities, as well as NS01, a compact micro drone designed for daytime monitoring. These drones were officially handed over to the Kalaburagi administration at an event attended by the Honourable Home Minister of Karnataka, Shri Gangadharaiah Parameshwara.
Beyond manufacturing and deployment, NeoSky operates as a comprehensive drone company with expertise spanning drone training, R&D, and services. The company, along with its subsidiary TAS, holds a DIPP license for defence drone manufacturing and was the first in India to receive DGCA approval, notably pioneering BVLOS (Beyond Visual Line of Sight) trials. NeoSky is also dedicated to scaling up drone skilling initiatives, holding a 10-year DGCA license to train and certify drone pilots. This includes training for armed forces, rural communities, agricultural universities, and even international learners, with 500 graduates and postgraduates currently enrolled in their agricultural university program.
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About the Company
RattanIndia Enterprises Limited (REL), the flagship of the RattanIndia Group, is a publicly listed company with a market capitalisation of approximately Rs 7,000 crore, recognised in the Fortune 500 India list. REL is focused on developing and scaling new-age, technology-led businesses in India across sectors such as Electric Mobility (Revolt Motors), E-commerce (Cocoblu Retail), Fashion Brands (Neo Brands), Fintech and Drones (Neosky). Through its commitment to transformative technologies and digital-first models, REL aims to impact over a billion Indians and shape the future of movement, shopping, and connectivity in the country.
The company has a market cap of over Rs 7,000 crore and has delivered good profit growth of 20.4 per cent CAGR over the last 5 years. The stock is up by 45 per cent from its 52-week low of Rs 37.45 per share and has given multibagger return of over 2,500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.