New Drone Rules to benefit THESE stocks; Anil Singhvi says PM Modi has already hinted that new rules will help startups
In chat with Anil Singhvi, Managing Editor at Zee Business, Research Analyst Ashish Chaturvedi said that Zomato Ltd and Info Edge India Ltd will benefit because of the new drone policy.
In chat with Anil Singhvi, Managing Editor at Zee Business, Research Analyst Ashish Chaturvedi spoke about the companies that will benefit because of the new drone policy as per an exclusive research by Zee Business.
Ashish said the biggest beneficiary will be Zomato Ltd as the industry is fully prepared to use drones for food deliveries. He said that Swiggy has also invested in drone making companies.
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The other stock that will benefit the most because of the new drone policy is Info Edge India Ltd. It has made an investment in Skylark Drones. They will provide solutions and products to food delivery apps like Swiggy and Zomato, the research analyst said. He added that testing is at initial stage.
Ashish further added that it will be very significant as industry are preparing, and they need it as well as companies are making losses because delivery expenses are very high and it impacts the financials of the firm.
ZEE BUSINESS EXCLUSIVE RESEARCH
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— Zee Business (@ZeeBusiness) August 27, 2021
Talking about the data's, Ashish said that if we see Zomato's employee cost has percentage of loss then it has been continuously rising. In FY19 it was around 59 percent, in FY21 91 percent and now in Q1 of FY22 108 percent.
Similarly, if we see employee cost as percentage of revenue, still the trend is same, which means that expenses related to delivery is impact the financials of the company, the research analyst added.
He added that Swiggy and Zomato are preparing for using drones for making food deliveries. Info Edge will help these companies in doing so hence in the coming time these companies will be able to save cost and its benefit will be seen in their financials and bottom lines as well.
Market Guru, Anil Singhvi said that Prime Minister Narendra Modi has said in his tweet that new drone rule will benefit new startups and the companies who use new technology.
The new Drone Rules will tremendously help start-ups and our youth working in this sector. It will open up new possibilities for innovation & business. It will help leverage India’s strengths in innovation, technology & engineering to make India a drone hub.
— Narendra Modi (@narendramodi) August 26, 2021
Speaking on the charts of Zomato and Info Edge, technical analyst Kunal Saraogi said charts of Info Edge is showing great breakout and hence a strong upside move can be seen. While, Zomato has also shown a good correction after listing and it can show a levels of 145-150. Both the counters are bullish, he added.
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