Ideaforge Tech rises 20%

Ideaforge Technology is currently the best performing stock, the top gainer on the BSE, briefly hitting the 20% UC at Rs.463 on the back of an almost 11x surge in volumes.

In these times of geopolitical tensions and war clouds looming anything that provides anything in this is a good buy. In a way, Ideaforge is also a defence stock as it is India’s leading drone manufacturer and ranks as the third-largest globally. The company specializes in the design and production of unmanned aircraft systems (UAS) for both civil and defence applications, offering solutions primarily in mapping, security, and surveillance. As a pioneer in the Indian UAS industry, IdeaForge held approximately 50% market share in FY22, underscoring its position as a dominant and innovative force in the sector.

Modern warfare increasingly relies on drones for real-time intelligence, surveillance, and logistics. Companies with proven, combat-ready products (especially in the dual-use civil and defence space) are well-positioned to secure military contracts.

The company also declared its results for Q4FY25 wherein its Revenue was down at Rs.20 crore v/s Rs.102 crore and it ended the quarter with a net loss of Rs.26 crore v/s profit of Rs.10 crore.