Latest news with #Ideaforge
Time of India
4 days ago
- Business
- Time of India
Ideaforge Technology shares crash 26% in a month. What should traders do now?
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Ideaforge Technology have seen a steep decline of 26.4% over the last one month, with the stock currently hovering around the Rs 431 mark. The drone technology firm, which had witnessed significant investor interest in the past year, has now entered a technically weak has prompted mixed views from market experts on how investors should approach the stock at current to Jigar S Patel, Senior Manager – Technical Research Analyst at Anand Rathi Shares and Stock Brokers, the stock is approaching a critical support zone.'IDEAFORGE has witnessed a sharp correction recently and is currently trading around Rs 443, aligning closely with the 61.8% Fibonacci retracement level of its prior rally. Notably, the stock's previous breakout point lies near Rs 420 — reinforcing the significance of the 420–445 support zone,' he believes this confluence suggests the potential for a base formation. He advises traders to 'accumulate the stock in a staggered manner between Rs 440 and Rs 420, with a target of Rs 500 and a stop-loss at Rs 395 on a daily closing basis.'However, a more cautious view is held by Kunal V Parar, VP of Technical Research and Algo at Choice Broking, who highlights persistent weakness in the chart structure. 'On the daily chart, the stock is trading below its 100-Day Moving Average, indicating continued bearish momentum.'He adds that the stock has repeatedly faced strong resistance around the 650 level and is moving within a downward-sloping channel, which points to sustained downside also noted that the daily RSI is at 25.96, below the 30-mark, signaling weak momentum. Based on the current setup, he expects further downside toward the Rs 395–Rs 355 zone, with resistance placed around Rs a fundamentals standpoint, Saurabh Jain, Head of Equity Research at SMC Global Securities , also echoes a bearish tone.'The stock, which tested the 650 level in June, has since entered a corrective phase, witnessing a sharp decline to the 440 level — a correction of nearly 25% over the past three months.'He points out that Ideaforge is 'trading below all key short-term and long-term moving averages , indicating a bearish bias.'Jain sees Rs 400 as immediate support, but cautions that 'the overall trend remains bearish as long as the stock trades below the 490 resistance mark.'He advises that 'any technical rebounds should be viewed as opportunities to unwind long positions unless a clear reversal signal emerges.' If the stock breaks below Rs 400 decisively, Jain expects the decline to extend toward Rs some technical indicators suggest that Ideaforge may be approaching a near-term base, broader momentum and chart signals continue to reflect caution. Traders with a higher risk appetite may consider staggered accumulation near support zones, but conservative investors may prefer to wait for stronger confirmation of a read: Reliance Power shares down 31% in 1 month. Should you buy the dip or steer clear? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
23-07-2025
- Business
- Economic Times
Ideaforge shares slide 7% after weak Q1 performance, fourth straight quarterly loss
Ideaforge shares fell over 7% after the drone maker posted a weak Q1FY26, with a net loss of Rs 23.5 crore and an 85% YoY revenue drop. Despite a defence order win, analyst sentiment remains negative, with a 'Sell' rating and 24% downside target. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Ideaforge Technology slumped over 7% to Rs 506.2 on the BSE on Wednesday after the drone maker reported disappointing results for the April–June quarter of company posted a net loss of Rs 23.5 crore in Q1FY26, compared with a net profit of Rs 1.1 crore in the same period last year. Revenue from operations plunged 85% year-on-year to Rs 12.7 crore, down from Rs 86.2 crore in marks the fourth consecutive loss-making quarter for the total expenses fell 53% YoY to Rs 42 crore, the company reported a negative Ebitda of Rs 15.1 crore, compared with a positive EBITDA of Rs 8.5 crore in the year-ago period. However, the Q1FY26 EBITDA loss narrowed sequentially from Rs 17.4 crore in Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% Despite the weak financials, CEO Ankit Mehta remains optimistic, citing a Rs 137 crore defence order secured under the Centre's fifth cycle of emergency procurement. The company expects this order to start reflecting in its revenue over the next 2–3 quarters.'The order followed rigorous technical evaluations and country-of-origin checks,' Mehta also pointed to the company's involvement in Operation Sindoor, where it demonstrated high-endurance drone capabilities. Mehta expects increased government focus on indigenous defence production to drive future said the government's allocation of Rs 40,000 crore for the sixth emergency procurement cycle and the proposed Rs 1 lakh crore R&D innovation fund could significantly benefit drone manufacturers. He also highlighted the expected rollout of the next phase of the PLI scheme as a major upcoming catalyst for the Read: 7 Nifty500 stocks with highest dividend yields. Do you own any? According to Trendlyne, the average analyst target price for Ideaforge stands at Rs 388, implying a 24% downside from current levels. Of the two analysts covering the stock, the consensus rating is 'Sell'.Shares of Ideaforge have fallen 18% year-to-date and are down 56% over the past two years. The company currently commands a market capitalisation of Rs 2,201 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
22-07-2025
- Business
- News18
Stocks To Watch: Paytm, Ideaforge, Eternal, Bajaj Finance, IRFC, SBI, Titan, And Others
Last Updated: Stocks to watch: Shares of firms like Paytm, Ideaforge, Eternal, Bajaj Finance, IRFC, SBI, Titan, and others will be in focus on Tuesday's trade Stocks To Watch On Tuesday, July 22: Markets began the week on a choppy note but managed to close in the green. On Tuesday, shares of Paytm, Ideaforge, Eternal, Mangalore Chemicals, Bajaj Finance, and Titan are likely to remain in focus amid earnings announcements and corporate developments. Paytm, IRFC, Dixon, ZEEL, Ideaforge These companies will announce their Q1 results today, which may drive stock-specific movements. Eternal (formerly Zomato) Eternal reported a sharp 90% year-on-year drop in consolidated net profit for Q1 FY26 at Rs 25 crore, compared to Rs 253 crore in the same period last year. Oberoi Realty The realty firm posted a 28% YoY decline in Q1 net profit at Rs 421.2 crore. Mangalore Chemicals & Fertilizers Investor Dolly Khanna increased her stake in the small-cap multibagger stock during the June 2025 quarter, as per latest shareholding data. UltraTech Cement The Aditya Birla Group company remains significantly ahead of its closest competitor in the cement sector, the Adani Group. Titan Titan, through its subsidiary Titan Holdings International FZCO, signed a deal to acquire a 67% stake in Damas LLC (UAE), the parent of the Damas jewellery brand in the GCC region, from Mannai Corporation. State Bank of India (SBI) SBI has raised Rs 25,000 crore by allotting 30.6 crore shares to institutional investors including LIC, Societe Generale, HDFC Life, HDFC Mutual Fund, and Quant Mutual Fund at Rs 817 per share. 360 One WAM BC Asia Investments X Ltd plans to sell around 1.5 crore shares—about a 3.7% stake—in the asset management firm through a block deal, reports said. CIE Automotive The company reported a 6.2% YoY decline in net profit at Rs 203.5 crore in Q1 FY26, down from Rs 217 crore in the year-ago period. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)
Business Standard
24-06-2025
- Business
- Business Standard
Smallcap defence stock rebounds 9% from day's low; hits six-month high
Share price of Ideaforge Technology today Shares of Ideaforge Technology moved up 4 per cent to ₹654.40 on the BSE in Tuesday's intra-day trade amid heavy volumes. The stock price of the smallcap aerospace & defense firm bounced back 9 per cent from its intra-day low of ₹603 on the BSE. Ideaforge Technology's market price touched intra-day high of ₹660.50 in morning deals, also its highest level in the calendar year 2025. The stock has zoomed 120 per cent from its 3-month low of ₹301 touched on April 7, 2025. It had hit a 52-week high of ₹864.10 on July 12, 2024. At 02:47 PM; Ideaforge Technology was trading 2.4 per cent higher at ₹647, as compared to 0.2 per cent rise in the BSE Sensex. The average trading volumes at the counter jumped over 4-fold. A combined nearly 5 million equity shares changed hands on the NSE and BSE. Ideaforge secures ₹137 crore order from Ministry of Defence Ideaforge Technologies secured an order worth approximately ₹137 crore from the Ministry of Defence (MoD) for the supply of Mini unmanned aerial vehicles (UAVs) along with accessories. The delivery is scheduled to be completed within 12 months. FY25 saw a substantial slowdown for the broader drone industry in India, owing to the general elections in the first part and then the slow progress towards procurement initiatives, despite the latent demand. The industry started to regain momentum at the end of the year with the new emergency procurement cycle for Counter Insurgency Counter Terrorism (CICT) operations going into tendering phase in Q4, along with trials of many other civil programs as well towards the end of the same quarter. And thus, while the management did not see closure of opportunities to orderbook in Q4, they now see their healthy progression to the company's L1 pipeline. With the augmentation of new categories and greater focus on the global markets, the management said the company is seeing increasing momentum towards international opportunities and partnerships. The company intends to substantially increase the market opportunity for Indian drones globally and firmly establish them as a default part of the security, safety, and governance infrastructure of any country, city, or enterprise. About Ideaforge Technology Ideaforge Technology is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS). The company is backed by leading investors including - Qualcomm, Infosys, Florintree, and other marquee institutional investors. It was ranked 3rd globally in 2024 as a top dual-use (civil & military) drone manufacturer by Drone Industry Insights, the world's leading drone market research and analytics company. Ideaforge has the largest operational deployment of indigenous UAVs across India, with an Ideaforge-manufactured drone taking off every three minutes for surveillance and mapping applications. Ideaforge customers have completed over 650,000+ flights using ideaForge UAVs.
News18
24-06-2025
- Business
- News18
Ideaforge, GRSE: Defence Stocks Dip Up To 6% As Iran-Israel Ceasefire Triggers Profit Booking
Last Updated: After a strong rally in recent sessions, shares of Indian defence companies, including GRSE and Ideaforge, declined by as much as 6.4% Defence Stocks: After a strong rally in recent sessions, shares of Indian defence companies, including Garden Reach Shipbuilders & Engineers (GRSE) and Ideaforge, declined by as much as 6.4% on Tuesday amid profit booking, following the easing of geopolitical tensions between Iran and Israel. The sell-off came after both countries confirmed a ceasefire, announced by US President Donald Trump. Leading the losses, GRSE shares dropped 6.4% to an intraday low of Rs 3,270. Paras Defence and Space Technologies also witnessed a steep fall, slipping 4.6% to Rs 1,654.45. Bharat Dynamics Ltd (BDL) shares fell 3.8% to Rs 1,856.80, while Cochin Shipyard declined 2.8% to Rs 2,167.70. Ideaforge Technology shares were down 2.3%, hitting a low of ₹617.05. Shares of Hindustan Aeronautics Ltd (HAL) declined 2.2% to Rs 4,912.10. Mazagon Dock Shipbuilders also slipped 2.2% to Rs 3,267.80. Meanwhile, Bharat Electronics Ltd (BEL) remained comparatively resilient, dipping just 0.9% to Rs 417.10 at its day's low. The correction in defence stocks followed a period of strong gains amid heightened tensions in the Middle East. However, with US President Trump's early Tuesday announcement of a ceasefire between Israel and Iran, profit booking kicked in across the sector. The ceasefire came after President Trump authorised airstrikes over the weekend on three major Iranian nuclear facilities, escalating conflict in the region. In response, Iranian state media reported a missile attack on a US base in Qatar, with a retaliation that matched the number of bombs dropped by the US—signalling a 'bomb-for-bomb" stance. First Published:
