Drones have become a winning strategy in war; can they be in investing?
SWITCH UAV: Hybrid Fixed-Wing VTOL for High-Endurance Surveillance; image credit: Company
Synopsis
Shares of ideaForge hit the upper circuit at INR631 on Monday after bagging an INR137 crore defence order for mini UAVs. As the drone industry gains altitude, ideaForge now faces the real test — delivering steady performance amid rising competition.
By VARSHA SANTOSH 8 Mins Read, Jun 30, 2025, 05:00 AM IST
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War rattles markets — but not all stocks bleed. When bombs go off, confidence usually tanks and the red spreads across trading screens. Yet, even in the fog of conflict, two sectors often emerge stronger: healthcare and defence. This week, it was the turn of drones to fly high. Shares of ideaForge — a Mumbai-based drone tech company — hit the upper circuit at INR631 on Monday, after it secured an INR137 crore order from the Ministry of Defence
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