Latest news with #IdeaForgeTechnologyLtd
Hans India
25-06-2025
- Business
- Hans India
GRSE, Paras Defence & Idea Forge Rally on Robust Charts; Defence stocks breakout signals
India's growing defence manufacturing prowess has been thrust into the spotlight after its successful interception of drone attacks during recent cross-border tensions. This operational success, underpinned by the government's Make in India push, is translating into clear bullish signals across defence stocks. Now more than just strategic bets, defence stocks are gaining momentum as technical breakouts align with strong sectoral fundamentals. In a volatile market landscape, three key names—Garden Reach Shipbuilders & Engineers (GRSE), Paras Defence and Space Technologies, and Idea Forge Technology Ltd—have charted fresh bullish territory, offering appealing risk-reward setups. 1. Garden Reach Shipbuilders & Engineers Ltd (GRSE) A pivotal player in India's naval shipbuilding landscape, GRSE is a state-owned defence PSU building warships and patrol vessels for over 60 years. The company recently broke above ₹2,833, touching a high of ₹3,538. After retesting the breakout zone near ₹2,888—a classic technical move—the stock resumed its uptrend. Technical Insight: Breakout zone: ₹2,833 Retest support: ₹2,888 Resistance breached: New ATH at ₹3,538 Trend view: Bullish as long as it stays above ₹2,800 Strategy: Buy on dips; strong momentum in uncharted price territory 2. Paras Defence and Space Technologies Ltd Paras Defence is a high-tech company in India's defence and space domain, producing optics, defence electronics, and strategic components. With a growing footprint in drone and anti-drone technologies, it is well positioned amid current geopolitical shifts. Technical Setup: The stock broke out of a range near ₹1,600, then retested the level before bouncing back to ₹1,700. Support zone: ₹1,500–₹1,540 Trend: Upward continuation as long as this support holds Setup: Accumulation breakout with momentum return 3. Idea Forge Technology Ltd A leading name in the UAV (drone) space, Idea Forge designs and supplies drones to Indian armed forces and agencies. The company is gaining traction as India emphasizes indigenous drone capabilities. Chart Pattern: Falling channel breakout on the daily chart Emergence of a higher high–higher low formation, per Dow Theory Volume-backed breakout hints at institutional participation Trend: Fresh bullish cycle Action point: Buying interest likely on any dip Defence as an Investment Theme India's defence sector is undergoing a structural shift. With the government driving self-reliance, boosting exports, and encouraging private innovation, this sector could offer long-term wealth creation opportunities. While the near-term rallies in GRSE, Paras Defence, and Idea Forge are technically significant, the broader narrative suggests this could be just the beginning of a multi-year megatrend. Smart investors may consider dips as accumulation zones, but always with disciplined risk management. Disclaimer: This article is for educational and informational purposes only and does not constitute investment advice or recommendations. Please consult your financial advisor before making any investment decisions.
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
