Latest news with #IdeaForgeTechnology
Time of India
a day ago
- Business
- Time of India
Top stocks to buy today: Stock recommendations for June 6, 2025
Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, Idea Forge Technology, and Avantel are the top stock picks for today. Here's its view on Nifty, Bank Nifty and the top stock picks for June 6, 2025: Bank NIFTY Benchmark indices extended their consolidation phase for the third consecutive week, reflecting a lack of directional conviction amid a backdrop of profit-taking at higher levels and macroeconomic event risk ahead of the RBI monetary policy outcome on Friday. The broader markets exhibited notable resilience, with the Nifty Midcap 100 and Small cap 100 indices climbing 1.3% and 3% respectively, signaling renewed risk appetite and accumulation in high-beta pockets of the market. From a technical standpoint, the Nifty continues to oscillate within a well-defined 17-session consolidation band, demarcated by support at 24,400–24,500 and resistance near the 25,050–25,080 zone. The 24,400–24,500 region remains pivotal, being both the site of the prior breakout and recent swing lows. This area has repeatedly attracted buying interest, indicating strong demand absorption and a possible accumulation zone. A decisive breach below the 24,400–24,500 support cluster could act as a bearish trigger, potentially exposing the index to deeper corrective downside. Conversely, sustained trade above 25080 levels will open upside towards 25,300 levels in the coming weeks. With the RBI monetary policy decision scheduled for Friday, the outcome of the policy, particularly commentary on liquidity, inflation trajectory, and growth forecasts, will be closely scrutinized for directional cues. NIFTY BANK Bank Nifty continues to consolidate in the broad range of 56,000-53,500 in the last 6 weeks. A key technical observation on the daily chart is that the index has already taken 6 weeks to retrace just 38.2% of the prior 2 weeks rally (49,157–56,098), indicating a shallow pullback that suggests underlying strength and potential higher bottom formation. The Index is currently placed around the upper band of the last 6 weeks consolidation area 56,000-53,500. We believe closing above the 56,000 area will signal extension of the up move towards the 56,700 zone in the near term. Failure to do so will signal extension of the last five weeks' consolidation. The short-term structure remains constructive with immediate support is placed at 55,000–55,200 levels, while key short-term support is seen at 54,000–53,500 Stock Recommendations: Idea Forge Technology Buy in the range of Rs 600-617 Target SL Return Time Period Rs 670 577 10% 3 Months The stock has generated a breakout above last 3 weeks broader range of 585-501 signaling resumption of up move thus offers fresh entry opportunity The daily 14 periods RSI has generated a buy signal moving above its nine periods average thus validating positive bias. We expect the stock to head towards 670 levels in the coming months being the measuring implication of the recent range breakout (585-501) Avantel Buy in the range of Rs 178-182 Target SL Return Time Period Rs 199 165 10% 3 Months The stock is currently trading above the short- and long-term moving averages signaling strength and overall positive bias. It has recently generated a breakout above the falling supply line joining the highs of August and December 2024 signaling resumption of up move. The daily ADX is in an up trend thus supports the positive bias in the stock. We expect the stock to head towards the all-time high placed around 200 levels in the coming months Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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.
News18
21-05-2025
- Business
- News18
Drone Stocks Surge 50% Post Operation Sindoor On Hopes Of Defence Orders; Will The Rally Continue?
Last Updated: Defence and drone manufacturing stocks have witnessed a sharp surge following the launch of Operation Sindoor Drone Stocks Rally: Drone manufacturing and defence-related stocks have witnessed a sharp surge following the launch of Operation Sindoor, India's military response to the April 22 terrorist attack in Pahalgam. Since May 7, shares of key players such as IdeaForge Technology, Paras Defence, Zen Technologies, Hindustan Aeronautics (HAL), Bharat Electronics (BEL) and DCM Shriram Industries have gained between 8% and 50%. The rally has been driven by expectations of increased government spending on defence technology, particularly unmanned aerial systems. India's defence ecosystem has matured significantly in recent years, underscored by enhanced integration of indigenous technologies in drone warfare, electronic warfare, and layered air defence systems. The precision and preparedness displayed during recent border escalations have earned international recognition, reinforcing investor confidence in India's defence manufacturing capabilities. 'With greater operational sophistication and reliable indigenous production, Indian defence companies are well-positioned for sustained growth," analysts said. The prevailing sentiment reflects confidence in a new strategic doctrine—swift, technology-led retaliation in response to acts of terrorism. While defence stocks have rallied significantly, several analysts believe valuations are now approaching fair levels. 'India's leading defence names are likely to continue performing well, but future upside depends on several variables including order visibility and budgetary priorities," said Manoranjan Sharma, Chief Economist at Infomerics Valuation and Ratings. Ambareesh Baliga, a Mumbai-based independent analyst, expects momentum in drone-related stocks to continue, with potential gains of another 15-20% in the short term. Long-Term Demand Drivers Operation Sindoor demonstrated the increasing use of drones in both surveillance and combat. Market expectations are building around a sustained push for drone procurement by the Indian military. According to Grand View Research, India's military drone market, valued at $1.53 billion in 2024, is projected to reach $4.08 billion by 2030, growing at a CAGR of 17.9%. What Should Investors Do Now? Despite strong growth prospects, analysts and fund managers are urging investors to remain cautious. 'Drone stocks have seen a rapid run-up, and much of the anticipated government spending is already factored into current prices," said Ashwini Shami, EVP & Portfolio Manager at OmniScience Capital. 'Valuations are now stretched, with many trading at high P/E multiples." Shami prefers public-sector defence firms like HAL and BEL, citing stronger order visibility, wider moats, and more reasonable valuations compared to smaller private peers. The Nifty India Defence Index has rallied 17.9% and 15.4% since the Pahalgam attack and Operation Sindoor, respectively. In contrast, the benchmark Nifty 50 has risen only 2.1% and 1.1% in the same periods. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: May 21, 2025, 11:21 IST
Business Upturn
17-05-2025
- Business
- Business Upturn
IdeaForge Technology shares jump 19% this week following Operation Sindoor success
By Aman Shukla Published on May 17, 2025, 10:35 IST Shares of IdeaForge Technology Ltd. rose by 19% this week, gaining investor attention following the Indian military's Operation Sindoor, which took place in response to the Pahalgam terror attack on April 22, 2025. The counter-terror operation targeted camps across the border in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK). IdeaForge Technology, known for manufacturing unmanned aerial vehicles (UAVs) and drone systems, is one of the prominent private-sector suppliers of UAVs to Indian defence forces. IdeaForge Technology shares closed at ₹558.20 on Friday, rising from an opening of ₹537.10. The stock hit an intraday high of ₹584.80 and a low of ₹530.25. Despite the recent gains, the stock remains significantly below its 52-week high of ₹864.40 but well above its 52-week low of ₹304.20. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
News18
09-05-2025
- Business
- News18
Drones Dominate Skies, Stocks Surge Up To 15% As Cross-Border Strikes Intensify
Last Updated: Indian stocks tied to unmanned warfare and defence technologies rallied sharply on Friday, with gains of up to 15% Drone Stocks: Indian stocks tied to unmanned warfare and defence technologies rallied sharply on Friday, with gains of up to 15%, after New Delhi launched drone-led precision strikes on Pakistani military assets. The escalation followed overnight drone and missile attacks by Pakistan that deepened hostilities along the western border. IdeaForge Technology surged 14.71% to Rs 443 on the BSE, leading the rally in defence-linked equities. Droneacharya Aerial Innovations jumped 5% to Rs 68, ZEN Technologies advanced 5% to Rs 1,406.35, and Paras Defence and Space Technologies rose 3.9% to Rs 1,414. The broader market opened lower amid rising tensions, as the Indian Army reported that Pakistani forces had carried out multiple drone and munition strikes overnight across Jammu and Kashmir. Explosions were heard in Jammu on Thursday night during attacks on Indian military installations, which have left nearly four dozen people dead across both sides so far. The surge in drone-related stocks came in response to Thursday morning's Indian air strikes—marking a shift from counterterrorism operations to direct military-on-military engagement. Indian forces reportedly used Harop suicide drones to destroy HQ-9 air defence systems of Chinese origin deployed by Pakistan in Lahore and Multan. 'This was a calibrated, domain-equivalent response," an Indian official told The Economic Times, confirming the destruction of Pakistani air defence systems. Pakistan had earlier targeted 14 Indian locations—including Chandigarh, Bhuj, and Srinagar—using drones and missiles. Officials said India's integrated air defence network, incorporating indigenous, Russian, and Israeli systems, intercepted the majority of incoming threats. An enemy fighter jet was also reportedly downed. Cross-border firing intensified Friday, with Pakistani forces shelling areas in Uri, Kupwara, and Poonch. Indian forces are responding forcefully to these provocations, officials said. As the conflict escalates, investor sentiment appears to be rallying behind India's expanding defence manufacturing ecosystem, particularly in the unmanned systems domain, which is proving central to modern warfare. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published:
