Latest news with #Ideaforge
Economic Times
13-05-2025
- Business
- Economic Times
Ideaforge shares slip 3% after 3-day rally on India-Pakistan military escalation
The stock had climbed steadily since Wednesday, when India launched strikes on nine terror sites in Pakistan in retaliation for a deadly attack in Kashmir that killed 26 people. Ideaforge Technology shares experienced a dip following a 37% surge driven by heightened India-Pakistan tensions, as investors cashed in on profits. Despite easing hostilities, the stock's rally, fueled by increased defence spending expectations, showed signs of overbought conditions. While a near-term pullback is anticipated, brokerages remain optimistic about Indian defence stocks due to favourable geopolitical factors and export potential. Tired of too many ads? Remove Ads Technical indicators point to pullback Tired of too many ads? Remove Ads Shares of Ideaforge Technology fell as much as 3% to Rs 476.60 on the BSE on Tuesday, as investors booked profits following a sharp 37% rally over the past three sessions, spurred by a surge in defence stocks amid military escalation between India and stock had climbed steadily since Wednesday, when India launched strikes on nine terror sites in Pakistan in retaliation for a deadly attack in Kashmir that killed 26 people. The border conflict marked the most severe confrontation between the two nations in nearly three decades, sparking a rally across defence-related stocks, including Monday, shares of Ideaforge jumped as much as 7.9% intraday to Rs 500 despite reports of a pause in hostilities. The rally was bolstered by broader market bets on defence spending and surveillance technology in light of the military officials had reportedly sent a "hotline message" to Pakistan on Sunday, warning of further retaliation if ceasefire violations continued. However, with tensions showing signs of easing, traders appeared to lock in gains on the last week alone, Ideaforge shares gained 25.76%. The stock is up 19.7% in the past three months but remains down 19.8% over the last six signals indicated the stock was in overbought territory, with a 14-day Relative Strength Index (RSI) of 74.1—above the 70 threshold typically seen as a sign of overheating. It was also trading below its 150-day and 200-day simple moving averages, suggesting a near-term pullback was brokerage Ashika Institutional Equity said it remains bullish on Indian defence stocks, citing 'a favourable backdrop of heightened geopolitical activity , expanding order books, and growing export potential. Ideaforge Technology is a leading Indian manufacturer of Unmanned Aircraft Systems (UAS), offering UAVs for mapping, surveillance, and security applications across sectors such as mining and infrastructure. The company has the largest operational deployment of indigenous UAVs in India, with one Ideaforge-manufactured drone reportedly taking off every five company's fully in-house capabilities allow it to design, engineer, and manufacture UAVs with tight control over performance and reliability. It was also an early pioneer in the country's drone space, having developed vertical take-off and landing (VTOL) UAVs as far back as 2009.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
13-05-2025
- Business
- Time of India
Ideaforge shares slip 3% after 3-day rally on India-Pakistan military escalation
Shares of Ideaforge Technology fell as much as 3% to Rs 476.60 on the BSE on Tuesday, as investors booked profits following a sharp 37% rally over the past three sessions, spurred by a surge in defence stocks amid military escalation between India and Pakistan. The stock had climbed steadily since Wednesday, when India launched strikes on nine terror sites in Pakistan in retaliation for a deadly attack in Kashmir that killed 26 people. The border conflict marked the most severe confrontation between the two nations in nearly three decades, sparking a rally across defence-related stocks, including Ideaforge. On Monday, shares of Ideaforge jumped as much as 7.9% intraday to Rs 500 despite reports of a pause in hostilities. The rally was bolstered by broader market bets on defence spending and surveillance technology in light of the conflict. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Indian military officials had reportedly sent a "hotline message" to Pakistan on Sunday, warning of further retaliation if ceasefire violations continued. However, with tensions showing signs of easing, traders appeared to lock in gains on Tuesday. Technical indicators point to pullback Live Events In the last week alone, Ideaforge shares gained 25.76%. The stock is up 19.7% in the past three months but remains down 19.8% over the last six months. Technical signals indicated the stock was in overbought territory, with a 14-day Relative Strength Index (RSI) of 74.1—above the 70 threshold typically seen as a sign of overheating. It was also trading below its 150-day and 200-day simple moving averages, suggesting a near-term pullback was likely. Meanwhile, brokerage Ashika Institutional Equity said it remains bullish on Indian defence stocks, citing 'a favourable backdrop of heightened geopolitical activity , expanding order books, and growing export potential. Ideaforge Technology is a leading Indian manufacturer of Unmanned Aircraft Systems (UAS), offering UAVs for mapping, surveillance, and security applications across sectors such as mining and infrastructure. The company has the largest operational deployment of indigenous UAVs in India, with one Ideaforge-manufactured drone reportedly taking off every five minutes. Also read | Defence stocks set to rally on export hopes amid rising India-Pakistan tensions: Ashika Equity The company's fully in-house capabilities allow it to design, engineer, and manufacture UAVs with tight control over performance and reliability. It was also an early pioneer in the country's drone space, having developed vertical take-off and landing (VTOL) UAVs as far back as 2009.
Mint
09-05-2025
- Business
- Mint
Zen Technologies to Ideaforge: Drone stocks hit upper circuit amid India-Pakistan conflict
Stock Market today: Zen Technologies to Ideaforge, the Drone stocks skyrocketed up to 20% amid rising India-Pakistan Conflict hitting upper circuit during the intraday trades on Friday. The Zen technologies share price was locked in the upper circuit Zen Technologies share price opened at ₹ 1295.15 on the BSE on Friday. The Zen Technologies share price saw a soft opening at ₹ 1295.15 slightly lower than previous days close of ₹ 1339.44 amid weak markets as concerns on India-Pakistan Conflict remained high. However the Zen Technologies share price started gaining and hit intraday high of ₹ 1406.35. The intraday high was also the intraday upper price band for the Zen Technologies share price and hence the Zen Technologies share price was locked in upper circuit. The Zen Technologies share price thereafter continued to trade at similar levels Zen Technologies share price though may have corrected significantly and is down almost 43.0% in the year till date, the Zen Technologies share price however has been rebounding well now. However Zen Technologies share price had risen 3895% over last 5 years and hence has given Multibagger returns to its investors. Ideaforge Technologies share price opened at ₹ 386.25 on the BSE on Friday. The Zen Technologies share price at the time of opening at ₹ 386.25 was only marginally higher compared to the previous days close of ₹ 386 mostly in the back of weak markets as the benchmark indices reflected concerns on India-Pakistan Conflict remained high. However the Ideaforge Technologies share price started thereafter gained to intraday high of ₹ 463.25. The intraday high wasreflecting 20% gains for the stock, was also the intraday upper price band for the Ideaforge Technologies share price and hence the Zen Technologies share price had locked in upper circuit. The Zen Technologies share price thereafter continued to trade at similar levels 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 taking any investment decisions.
