Drone stocks rally up to 15% as high-tech sky assassins dominate India-Pakistan conflict
Shares of Ideaforge Technology jumped 15% on the BSE, topping the gains among Indian drone and defence stocks after reports of Indian forces deploying suicide drones to destroy air defence systems in Lahore and Multan. Droneacharya Aerial Innovations rose 5% to Rs 68.13, ZEN Technologies added 5% to Rs 1406.35.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Indian stocks linked to unmanned warfare and defence technologies surged up to 15% on Friday, following New Delhi's drone-led precision strikes on Pakistani military installations, and after overnight attacks by Islamabad deepened hostilities along the western border.Shares of Ideaforge Technology soared as much as 14.71% to Rs 443 on the BSE, leading gains among listed Indian drone and defence stocks after Indian forces used suicide drones to neutralise air defence targets in Lahore and Multan. Droneacharya Aerial Innovations climbed 5% to Rs 68, ZEN Technologies rose 5% to Rs 1406.35, and Paras Defence and Space Technologies advanced 3.9% to Rs 1414.The broader Indian market opened lower on Friday after the army said Pakistani forces had launched multiple overnight drone and munition attacks along the country's western border, raising fears of further escalation. Blasts rang out across the Indian city of Jammu late on Thursday during a Pakistani drone and missile strike on military stations around the Kashmir region on the second day of cross-border clashes that have so far killed nearly four dozen people.The rally in drone-related stocks followed Thursday morning's air strikes by India, which marked a significant shift from previous military-on-terrorist operations to direct military-on-military engagement.Indian officials said Harop suicide drones were used to destroy Chinese-origin HQ9 air defence systems deployed by Pakistan. These systems had been used in Islamabad's attempted strikes on Indian military targets the previous night."Indian response has been in the same domain with the same intensity as Pakistan,' one official told The Economic Times, noting the destruction of an air defence system in Lahore.Pakistan attempted to strike 14 locations in India on Wednesday night—including Chandigarh, Bhuj, and Srinagar—using drones and missiles. Officials said India's integrated air defence grid, comprising indigenous, Russian-origin and Israeli-origin systems, successfully neutralised the incoming threats. An enemy fighter jet was also reportedly shot down.Debris recovered from the failed Pakistani strikes was cited by officials as proof of continued provocations.Defence Minister Rajnath Singh credited India's 'formidable and professionally trained armed forces' and their high-quality equipment for the precision of the response. A high-value airborne early warning system used by the Pakistani Air Force was also reportedly damaged in the raids.Meanwhile, Pakistani forces escalated firing across the Line of Control using mortars and heavy artillery in multiple sectors of Jammu and Kashmir, including Uri, Kupwara, and Poonch. Officials said India is responding strongly to these ground-based provocations.As combat intensifies in the air and along the border, the stock market is signaling investor confidence in India's growing defence manufacturing capabilities—particularly in the unmanned systems sector that has emerged at the forefront of the modern battlefield.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
27 minutes ago
- Hindustan Times
Huawei Band 10 with 1.47-inch AMOLED display and 100 preset workout modes launched in India
Huawei has launched the Huawei Band 10 in India on Friday as part of its new range of smart wearable devices. Huawei Band 10 features a 1.47-inch AMOLED rectangular display with support for Always On Display. This smart band offers up to 14 days of battery life and comes in two case materials: polymer and aluminium alloy. The device tracks various health metrics, including sleep-heart rate variability (HRV), stress levels, and offers an Emotional Wellbeing Assistant. Huawei first launched this smart band in select global markets earlier this year in February. The Huawei Band 10 is priced at Rs. 6,499 for the polymer case model and Rs. 6,999 for the aluminium alloy variant in India. The company has announced a launch offer valid until June 10, which will reduce the prices to Rs. 3,699 and Rs. 4,199, respectively. Customers can buy both variants exclusively on Amazon. The polymer case is available in Black and Pink, while the aluminium alloy models come in Blue, Green, Matte Black, Purple, and White colours. Also read: WWDC 2025: How to Watch Apple's Live Event and What to Expect from iOS 26, AI Tools and More The Huawei Band 10 features a 1.47-inch AMOLED rectangular display with Always On Display support, which aims to offer users clear visibility of essential information. It includes touch and swipe controls along with a side button for navigation. The screen resolution stands at 194×368 pixels with a pixel density of 282ppi. Also read: Google pauses 'Ask Photos' AI Feature to address performance issues In terms of health tracking, the Huawei Band 10 measures key metrics such as sleep-heart rate variability (HRV), stress levels, and blood oxygen saturation (SpO2). It also includes optical heart rate monitoring and an Emotional Wellbeing Assistant. This assistant delivers wellness tips and offers calming or positive watch face suggestions. The band supports inbuilt breathing exercises to help users manage stress. Also read: Adobe launches the Photoshop Beta app for Android smartphones: Everything you need to know Furthermore, the device comes with 100 preset workout modes, which cover activities like running, cycling, yoga, and swimming. The Band 10 includes an accelerometer, gyroscope, and magnetometer to enhance activity tracking. Notably, the smart band targets swimmers by offering a 95 percent accuracy rate in swim stroke and lap detection. It achieves this through a nine-axis sensor combined with AI-based stroke recognition. The band also holds a 5ATM water resistance rating and supports both Android and iOS platforms. Mobile finder: iPhone 16 LATEST price, specs and all details
Indian Express
29 minutes ago
- Indian Express
How to check your DIGIPIN on your phone? Follow these quick and easy steps
The Indian government has launched a new digital address system called DIGIPIN that aims to enable the precise identification of locations in the country. DIGIPIN is expected to streamline services such as last-mile delivery for e-commerce giants like Amazon and Flipkart. It could also aid police, ambulance, and fire services in improving their emergency response times as DIGIPIN claims to offer a level of geographical accuracy that has been lacking in India so far. 'The DIGIPIN will lead to secure and efficient communication between the citizens and government and private entities. It is an open-source, interoperable, geo-coded and grid-based digital address system,' the government said in a press release. 'DIGIPIN simplifies address management by providing precise location-based identification, especially in areas with unstructured or changing addresses. It also helps in areas where no clear address exists, such as rural regions, forests, and oceans,' India Post said in a post on X. As the government rolls out DIGIPIN nationwide, here is what you need to know about the unique digital ID as well as how you can generate a DIGIPIN for your own home. DIGIPIN is a unique ten-character alphanumeric code that can be generated for any property that is approximately 4 by 4 square meters on Indian land. This means that unique DIGIPINs can be generated for nearly all types of properties including in urban locations and rural areas across different maritime zones. For example, the DIGIPIN for The Indian Express office building in Noida is 39J-53M-TJF9. The underlying technology of DIGIPIN has been developed by the Department of Posts in collaboration with Indian Institute of Technology (IIT) Hyderabad and National Remote Sensing Centre, which works under the aegis of the Indian Space Research Organisation (ISRO). The government has emphasised that DIGIPIN is an open-source, interoperable, and privacy-focused system. Each DIGIPIN is a encoded with the geographic coordinates of that property so it does not store any personal information. In terms of the accuracy of the DIGIPIN, India Post said that it might come down to the device used to capture the Global Navigation Satellite System (GNSS) location. The DIGIPIN will not replace the traditional six-digit PIN system. Instead, it is intended to act as an extra layer of precision built on top of existing postal addresses. To find out the DIGIPIN for your home or any other location, follow these steps: – Go to This is the dedicated 'Know Your DIGIPIN' portal launched by the Department of Posts for people to easily generate their unique code. – Ensure that your web browser has access to your location. If location is turned off, you may need to enable it in the browser settings. – If a pop-up appears asking for location access, click on Allow. – Tap 'I Consent' if you agree to the terms of the DIGIPIN privacy policy. – You will be able to see the unique alphanumeric code at the bottom right corner of the screen. You can also find out the DIGIPIN for any other location by entering the geographical coordinates and vice-versa.
Time of India
34 minutes ago
- Time of India
Cyril Amarchand Mangaldas appoints former Disney executive Mihir Rale as Partner, Co-Head of Digital/ TMT
Mihir Rale, former Disney and Star India General Counsel, has joined Cyril Amarchand Mangaldas as a Partner and Co-Head of the Digital | TMT practice. Based in Mumbai, he brings over two decades of expertise in technology, data, and media. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Former Disney and Star India General Counsel Mihir Rale has joined Cyril Amarchand Mangaldas as a Partner (Co-Head – Digital | TMT).Based in the firm's Mumbai office, Mihir brings with him over two decades of legal and regulatory expertise spanning technology, data, telecommunications, and media sectors. His appointment marks a significant addition to the firm's Digital+ Practice, which is focused on delivering strategic legal solutions to clients operating in the fast-evolving digital has over 23 years of extensive experience in mergers & acquisitions, legal strategy, corporate governance, regulatory and policy matters, and 2024, he served as General Counsel for Star and Disney India , completing a remarkable 15-year tenure. He has played a pivotal role in addressing industry challenges at the intersection of technology, regulation, competition, and intellectual property A graduate of ILS Law College, Pune (2002), Mihir has held significant positions including Co-chair of the FICCI IPR Committee, Co-chair of the CII Digital Media Committee, and has been an active member of the FICCI M&E Committee as well as the CII National Regulatory Digital+ Practice provides business-focused, and strategic legal counsel on policy, emerging regulations, transactions, disputes, and governance. The practice supports Indian and global digital businesses across sectors such as Big Tech, Media & Entertainment, E-commerce, Gaming, Telecom, SaaS, IT/ITeS, AI, EdTech, HealthTech, RegTech, Drones, Quantum Computing, and other emerging collaborates with the firm's various practice areas to offer end-to-end legal solutions, from market entry and compliance to product development, regulatory engagement, intellectual property protection, inorganic growth, and strategic by Co-Heads Mihir Rale and Arun Prabhu, the Digital+ Practice comprises five additional specialist partners and a 30-member team of lawyers across offices in Mumbai, Delhi, and Mihir to the firm, Cyril Shroff, Managing Partner, Cyril Amarchand Mangaldas, stated: 'Digital businesses today play a vital role in India's economic growth and social development. Our newly announced Digital+ practice marks the consolidation of various practice groups and aims to provide specialised services to this diverse and emerging sector. Mihir's joining will enhance our capabilities in our growing digital+ practice as he brings with him deep expertise and legal acumen. I warmly welcome him on board and look forward to working with him.'Commenting on his new role, Mihir Rale, Partner (Co-Head – Digital | TMT), Cyril Amarchand Mangaldas, said: "I look forward to partnering with Mr. Shroff, Arun, and the immensely talented team at Cyril Amarchand Mangaldas to help shape the digital transformation of our world – across business, legal, and allied spheres. The Digital+ Practice Group aims to inspire the legal community, setting new benchmarks in thought leadership and unlocking business potential in an ever evolving landscape.'Arun Prabhu, Partner (Co-Head – Digital | TMT), Cyril Amarchand Mangaldas, added: 'The addition of Mihir to our leading Pan India practice, is transformative, and will allow us to offer forward looking, business centric, holistic solutions, to a wider range of enterprises and platforms, and address their needs in a rapidly evolving regulatory environment. I look forward to working with Mihir to expand the digital+ practice and address the growing needs of Digital India.'
