India, March 17 -- Shares of drone tech company DroneAcharya Aerial Innovations slid 5% in early trade today to hit a record low at INR 61.07 apiece on the BSE despite positive momentum in the broader market.

This came even as benchmark indices BSE Sensex and Nifty 50 logged gains on Monday. While Sensex was up 0.48% to 74,188.09 as of 2:57 PM, Nifty 50 gained 0.54% to 22,519.05.

Shares of DroneAcharya have fallen 40% from its listing price of INR 102. In the past month alone, the stock has nosedived 16%.

Founded by Prateek Srivastava in 2017, DroneAcharya manufactures drones and provides drone operations training and services like drone deliveries and mapping across industries. The company listed on the BSE SME platform in December 20...