Why did the DroneShield share price rocket in March?
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The DroneShield Ltd (ASX: DRO) share price had a month of ups and downs in March.
But the good news for the counter drone technology company’s shareholders is that there were more ups than downs.
As a result, the company’s shares defied the market weakness and recorded a strong gain.
Over the course of March, the DroneShield share price rose a sizeable 17.5%.
As a comparison, the ASX 200 index lost 4% of its value during the 31 days.
Why did the DroneShield share price jump in March?
There were a few reasons why investors were bidding the company’s shares higher last month.
The first is broad strength in defence stocks, which has been driven by optimism over spending in this side of the economy.
This has seen…
