Latest news with #MiniUnmannedAerialVehicles
Business Upturn
a day ago
- Business
- Business Upturn
ideaForge secures Rs 137 crore defence order from Ministry of Defence to supply Mini UAVs
By Aditya Bhagchandani Published on June 23, 2025, 11:48 IST ideaForge Technology Limited announced on June 23 that it has received a significant order worth approximately Rs 137 crore from the Ministry of Defence for the supply of Mini Unmanned Aerial Vehicles (UAVs) along with accessories. The order is expected to be executed within a 12-month period. According to the company's regulatory filing, the contract is domestic in nature and does not fall under related-party transactions. It also clarified that no promoter or promoter group entities have any interest in the awarding body. The order involves a complete supply of Mini UAVs and associated accessories, marking another major step forward for ideaForge's contribution to India's defence capabilities. ideaForge, headquartered in Navi Mumbai, is known for its indigenous drone manufacturing and has previously supplied UAVs for various strategic and surveillance applications. 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. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
a day ago
- Business
- Time of India
Ideaforge Technology shares hit 10% upper circuit after bagging Rs 137 crores order to supply mini UAVs to MoD
Shares of Ideaforge Technology surged 10% to hit the upper circuit at Rs 631.6 on the BSE on Monday, following a major order win from the Ministry of Defence (MoD). The company announced in a stock exchange filing that it has secured an order worth approximately Rs 137 crore (all-inclusive) to supply Mini Unmanned Aerial Vehicles ( UAVs ) along with accessories to the MoD. The delivery is expected to be completed within 12 months. Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months Ideaforge Technology share price target According to Trendlyne, the average analyst target price for Ideaforge Technology is Rs 388, implying a potential downside of around 39% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Sell'. On the technical front, the stock's Relative Strength Index (RSI) stands at 56.6, indicating neutral momentum. It continues to trade above its 20-day, 50-day, 100-day, and 200-day simple moving averages (SMAs). Year-to-date, shares have risen around 64%, though the stock is still down about 18% over the past 12 months. The company's current market capitalisation is approximately Rs 2,727 crore. Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO About Ideaforge Technology Ideaforge is one of India's leading manufacturers of Unmanned Aircraft Systems (UAS), catering to mapping, surveillance, and security needs across sectors such as defence, mining, and infrastructure. The company boasts the largest operational deployment of indigenous UAVs in the country, with one drone reportedly taking off every five minutes. It has in-house capabilities for designing, engineering, and manufacturing UAVs, ensuring high performance and reliability. A pioneer in India's drone space, Ideaforge developed vertical take-off and landing (VTOL) UAVs as early as 2009, setting the stage for its strong presence in both government and commercial drone applications. Also Read: Why stock market is falling today? Key factors behind 900-point Sensex crash, Nifty below 24,850 ( 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
a day ago
- Business
- Economic Times
Ideaforge Technology shares hit 10% upper circuit after bagging Rs 137 crores order to supply mini UAVs to MoD
Ideaforge Technology share price target Live Events About Ideaforge Technology (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Ideaforge Technology surged 10% to hit the upper circuit at Rs 631.6 on the BSE on Monday, following a major order win from the Ministry of Defence (MoD).The company announced in a stock exchange filing that it has secured an order worth approximately Rs 137 crore (all-inclusive) to supply Mini Unmanned Aerial Vehicles ( UAVs ) along with accessories to the MoD. The delivery is expected to be completed within 12 to Trendlyne, the average analyst target price for Ideaforge Technology is Rs 388, implying a potential downside of around 39% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Sell'.On the technical front, the stock's Relative Strength Index (RSI) stands at 56.6, indicating neutral momentum. It continues to trade above its 20-day, 50-day, 100-day, and 200-day simple moving averages (SMAs).Year-to-date, shares have risen around 64%, though the stock is still down about 18% over the past 12 months. The company's current market capitalisation is approximately Rs 2,727 is one of India's leading manufacturers of Unmanned Aircraft Systems (UAS), catering to mapping, surveillance, and security needs across sectors such as defence, mining, and company boasts the largest operational deployment of indigenous UAVs in the country, with one drone reportedly taking off every five minutes. It has in-house capabilities for designing, engineering, and manufacturing UAVs, ensuring high performance and reliability.A pioneer in India's drone space, Ideaforge developed vertical take-off and landing (VTOL) UAVs as early as 2009, setting the stage for its strong presence in both government and commercial drone applications.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
