In the realm of innovation and technology, Nitiraj Engineers Ltd has been a beacon of precision and quality since its establishment in 1989. Renowned as a leading manufacturer of Electronic Weighing Scales and Systems, as well as Digital Fare Meters in India, the company has consistently pushed the boundaries of electronic weighing industry standards. Nitiraj Engineers has carved a niche for itself as a trusted brand in Electronic Weighing Scales in India. Their success story is a testament not only to their years in business but also to their unwavering dedication to research, production, and rigorous quality control. Operating from a state-of-the-art in-house facility, the company has consistently delivered top-quality products to its customers.

To cater to the diverse Indian market effectively, Nitiraj Engineers boasts an extensive sales and service network. This network, comprising branch offices and dealers, ensures swift service and support, with customer satisfaction being their foremost priority. As of the latest trading session, the company's stock closed at Rs 109, indicating a 0.88% increase. With a market capitalisation of Rs 112 crore, Nitiraj Engineers firmly holds its place in the micro-cap segment. Boasting an impressive one-year return of over 40% and a nearly debt-free financial standing, the company stands out as a hidden gem in the stock market.

The drone revolution with four groundbreaking drone models

What adds excitement to Nitiraj Engineers Ltd's story is their recent announcement that could potentially set the stock market ablaze?the launch of their new product line: Drones. Slated for release on June 30, 2024, these drones will belong to the electronic goods category and will cater to both domestic and international markets.

Precision Farming Drone - Model 1: This drone, equipped with advanced sensors and imaging technology, is set to revolutionise agricultural practices. It monitors crops, assesses soil conditions, and identifies areas needing attention, helping farmers optimise resource allocation and minimise environmental impact.

GIS Mapping and Aerial Survey Drone ? Model 2: Featuring LIDARs, high-resolution cameras, and advanced imaging software, this drone captures detailed imagery for precise GIS mapping and aerial surveys. It aids decision-making processes across various industries.

Remote Cargo Transportation Drone - Model 3: Tailored for short-range cargo transportation, this drone offers efficient and cost-effective delivery solutions, reducing transportation costs and alleviating traffic congestion. It proves invaluable for remote and emergency deliveries.

Defence High-Altitude Unmanned Aerial Vehicle (UAV) ? Model 4: Engineered for extreme altitudes, these UAVs play critical roles in military applications, offering features like endurance, surveillance, communication relay, and operational flexibility.

Source: dsij.in