Latest news with #IdeaForge
Mint
3 days ago
- Business
- Mint
IdeaForge share price: Drone stock jumps 7%, gives 55% returns in one month. Do you own?
IdeaForge Technology share price rallied over 7% on Wednesday amid a sharp uptick in trading volumes. The drone stock, IdeaForge shares spiked as much as 7.80% to ₹ 605.50 apiece on the BSE. On June 4, approximately 23 lakh equity shares of IdeaForge Technology changed hands on the exchanges, significantly higher than its one-week average volume of 11 lakh shares. The recent rally in IdeaForge comes on the back of heightened investor interest in defence and drone stocks, following the escalation of the India-Pakistan conflict. The Indian Army's 'Operation Sindoor', launched on May 7, showcased the country's indigenously developed drone and defence capabilities, including the destruction of key Pakistani air bases and the interception of incoming drones and missiles. IdeaForge Technology share price has jumped over 70% since May 6 — just a day before the operation. IdeaForge share price has gained 56% over the past month and 74% in the last three months. However, the drone stock is still down 4% on a year-to-date (YTD) basis and has declined 7% over the past year. Despite the recent recovery, IdeaForge shares continue to trade significantly below their listing and issue prices. The company debuted on the bourses on July 7, 2023, with a stellar listing at ₹ 1,305.10 per share — over 94% above its issue price of ₹ 672. The stock hit a 52-week high of ₹ 864.10 on July 12, 2024, and a 52-week low of ₹ 301 on April 7, 2025. IdeaForge share price has been forming higher highs with strong volumes. The recent price upmove is supported by high volumes. The short-term bias for IdeaForge shares remains positive and we can see a rally towards ₹ 650 level, said Ruchit Jain, Vice President, Equity Technical Research, Motilal Oswal Financial Services Ltd. Jain suggests a 'buy on dips' strategy and has an IdeaForge share price target of ₹ 650. At 12:05 PM, IdeaForge Technology share price was trading 5.79% higher at ₹ 594.15 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
30-05-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 30 May 2025
Buy or sell stocks: After a strong opening, the Indian stock market once again failed to sustain at higher levels and erased all its gains on Thursday. The Nifty 50 index ended 81 points higher at 24,833, the BSE Sensex finished 320 points higher at 81,633, while the Bank Nifty index gained 129 points and closed at 55,546. Among the sectors, metal and realty were the top performers, while marginal pressure was witnessed in the PSU banking and FMCG segments. The Mid-cap and Small-cap indices extended their outperformance by ending the trade with gains of 0.55% and 0.59%, respectively. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market bias is cautious to positive until the Nifty 50 index is above 24,500. The Prabhudas Lilladher expert said the key benchmark index is facing a hurdle at 25,000. On breaking above 25,000 on a closing basis, the 50-stock index may soon touch 25,400. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index has been consolidating near the 24,750 zone for most of the session with the last hour finding some acceleration to close above the 24,800 zone with overall bias maintained positive and can expect for further upward movement in the coming days. As mentioned earlier, the index must exceed the 25,000-level barrier to continue the upward journey. At the same time, on the downside, the 24500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index continues to oscillate between the narrow range of 55,800 zone, which is acting as a tough hurdle, and on the downside is supported by the 54,400 zone, which needs to be sustained to maintain the positive bias intact. A decisive breach above the 55,800 level shall trigger a fresh upward move with targets of 57,700 and 60,300 levels achievable in the coming days," Parekh said. Parekh said that today, the Nifty's support is at 24,700, while the resistance is at 25,000. The Bank Nifty index would have a daily range of 55,200 to 56,000. Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: IdeaForge, Graphite India, and Nava. 1] IdeaForge: Buy at ₹ 540, Target ₹ 570, Stop Loss ₹ 528; 2] Graphite India: Buy at ₹ 553, Target ₹ 585, Stop Loss ₹ 542; and 3] Nava: Buy at ₹ 474, Target ₹ 500, Stop Loss ₹ 462. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
19-05-2025
- Business
- Economic Times
Two Sharp with ET: Defence stocks boom, Protean tanks 20%, India blocks Bangla garment imports
India's defence stocks added ₹1.8 lakh crore post-Operation Sindoor, led by IdeaForge and HAL. But Protean eGov tanked 20% after being dropped from the PAN 2.0 project. Meanwhile, India has banned land-route garment imports from Bangladesh, boosting domestic firms but raising short-term apparel prices. All of this in today's Two Sharp with Nisha Poddar. Show more 07:05 02:22 05:26 01:45 02:41 02:40 01:29 05:00 03:14 04:45 06:38 01:11 04:28 06:32 02:23 01:51 04:40 02:05 05:11 01:54 01:23 05:12 02:10 06:05 06:41 03:03 02:04 05:11 01:20 06:15 04:41 01:12 03:05 05:06 05:55 02:01 05:51 02:23 04:36 01:18
Time of India
19-05-2025
- Business
- Time of India
Two Sharp with ET: Defence stocks boom, Protean tanks 20%, India blocks Bangla garment imports
India's defence stocks added ₹1.8 lakh crore post-Operation Sindoor, led by IdeaForge and HAL. But Protean eGov tanked 20% after being dropped from the PAN 2.0 project. Meanwhile, India has banned land-route garment imports from Bangladesh, boosting domestic firms but raising short-term apparel prices. All of this in today's Two Sharp with Nisha Poddar. Show more Show less
News18
13-05-2025
- News18
India's Drone Power Unleashed: Precision Strikes, AI Surveillance & Game-Changing Edge
n the raging India-Pakistan conflict, a new warfront has opened in the skies — and it's dominated by unmanned aerial vehicles (UAVs). India's drone fleet is not just responding — it's redefining warfare. From precision strikes on terror camps to neutralizing swarms of kamikaze drones, India's bots in the air are proving to be both sword and video takes you deep inside India's drone strategy, featuring homegrown tech like DRDO's TAPAS, Nishant, and IdeaForge's SWITCH — all backed by Israeli upgrades and battle-tested in live combat. With AI-driven surveillance, loitering munitions, and high-altitude autonomy, India's aerial dominance is Pakistan struggles with Turkish drones and Chinese imports — many of which have been shot down or jammed by Indian how India's innovation-first defence playbook is reshaping the battlefield n18oc_indiaNews18 Mobile App -
