India, Feb. 28 -- Shares of DroneAcharya Aerial Innovations crashed 5% to hit the lower circuit at INR 68.20 during the morning trade on the BSE today (February 28).

This comes a day after the company received the Directorate General of Civil Aviation's (DGCA) type certification for its multipurpose drone, AgriVeer. The drone is designed for applications in agriculture, education, and drone pilot training.

The stock recouped some of its losses and was trading 3.83% lower at INR 69.00 per share at 11:27 AM with its market capitalisation dropping to INR 165 Cr.

At the current market price, the stock lost almost 60% in the last one year and 32% in the past month. DroneAcharya shares ended in red in four out of the last seven sessions on t...