Which are the best drone stocks in India right now?
As per Equitymaster's Indian Stock Screener, here is a list of the best drone stocks in India right now...
These companies have been ranked as per their PE (Price to Earnings) ratio. Generally, speaking, high PE stocks are considered to be expensive. And low PE stocks are said to be cheap.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
When should you invest in drone stocks?
The best time to buy stocks from this sector is when companies with strong fundamentals are trading at attractive valuations.
A variety of sectors are employing drones for their operational use like the mining, agricultural and oil exploration sector.
There are several ways to play this massive investment opportunity. You can invest in:
- defence companies manufacturing drones.
- companies partnering with drone startups for defence or commercial drone orders.
- companies with exposure to drone electronics.
- logistics companies venturing into drone deliveries.
Where can I find a list of drone stocks?
The details of listed drone companies can be found on the NSE and BSE website.
For a curated list you can check out our list of drone stocks.
What kind of dividend yields do drone stocks offer?
There is no consistent trend of dividends across the industry, with different companies adopting different dividend policies.
For more details, check out our list of top drone stocks offering high dividend yields.