Latest news with #Ideaforge
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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:
Economic Times
24-06-2025
- Business
- Economic Times
Ideaforge, GRSE among other defence stocks slide up to 6% amid profit booking as Iran, Israel announce ceasefire
After an impressive surge in the past few trading sessions, shares of defence companies like Garden Reach Shipbuilders & Engineers (GRSE) and Ideaforge, among others, tanked up to 6.4% on Tuesday on the back of profit booking after Iran and Israel war tensions eased. Both countries confirmed a truce following US President Donald Trump's announcement of a ceasefire. ADVERTISEMENT Garden Reach Shipbuilders & Engineers (GRSE) shares led the fall, touching an intraday low of Rs 3,270, down 6.4% from the previous close. Paras Defence and Space Technologies shares also saw a sharp dip, hitting Rs 1,654.45, a fall of 4.6%. Bharat Dynamics Ltd (BDL) shares dropped to Rs 1,856.80, marking a decline of 3.8%, while Cochin Shipyard shares slipped 2.8% to a low of Rs 2,167.70. The Ideaforge Technology stock touched Rs 617.05, down 2.3%, and the shares of Hindustan Aeronautics Ltd (HAL) fell 2.2% to Rs 4,912.10. Mazagon Dock Shipbuilders shares also edged lower by 2.2%, reaching Rs 3,267.80. Meanwhile, Bharat Electronics Ltd (BEL) stock was relatively resilient, with its day's low at Rs 417.10, reflecting a marginal decline of 0.9%. Defence stocks in India experienced some profit booking from elevated levels following an announcement by US President Donald Trump regarding a ceasefire between Israel and Iran, made in the early hours of Tuesday, June 24. Also read: BPCL, HPCL and other OMC stocks rally up to 5% as crude falls below $70/bbl ADVERTISEMENT Over the weekend, President Donald Trump authorised air strikes on three Iranian nuclear sites, sharply escalating regional tensions. In retaliation, Iranian state media reported a missile attack on a U.S. base in Qatar, mirroring the number of bombs dropped by the U.S. and signalling a "bomb-for-bomb" approach.(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
24-06-2025
- Business
- Time of India
Ideaforge, GRSE among other defence stocks slide up to 6% amid profit booking as Iran, Israel announce ceasefire
Share prices of Defence companies GRSE, Ideaforge, BDL, and Paras Defence fell sharply on Tuesday amid profit booking after US President Donald Trump announced a ceasefire between Iran and Israel. The easing of geopolitical tensions led investors to lock in gains following recent rallies in India's defence sector stocks. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads After an impressive surge in the past few trading sessions, shares of defence companies like Garden Reach Shipbuilders & Engineers (GRSE) and Ideaforge, among others, tanked up to 6.4% on Tuesday on the back of profit booking after Iran and Israel war tensions eased. Both countries confirmed a truce following US President Donald Trump's announcement of a Reach Shipbuilders & Engineers (GRSE) shares led the fall, touching an intraday low of Rs 3,270, down 6.4% from the previous close. Paras Defence and Space Technologies shares also saw a sharp dip, hitting Rs 1,654.45, a fall of 4.6%. Bharat Dynamics Ltd (BDL) shares dropped to Rs 1,856.80, marking a decline of 3.8%, while Cochin Shipyard shares slipped 2.8% to a low of Rs 2,167.70. The Ideaforge Technology stock touched Rs 617.05, down 2.3%, and the shares of Hindustan Aeronautics Ltd (HAL) fell 2.2% to Rs 4,912.10. Mazagon Dock Shipbuilders shares also edged lower by 2.2%, reaching Rs 3,267.80. Meanwhile, Bharat Electronics Ltd (BEL) stock was relatively resilient, with its day's low at Rs 417.10, reflecting a marginal decline of 0.9%. Defence stocks in India experienced some profit booking from elevated levels following an announcement by US President Donald Trump regarding a ceasefire between Israel and Iran, made in the early hours of Tuesday, June the weekend, President Donald Trump authorised air strikes on three Iranian nuclear sites, sharply escalating regional tensions. In retaliation, Iranian state media reported a missile attack on a U.S. base in Qatar, mirroring the number of bombs dropped by the U.S. and signalling a "bomb-for-bomb" approach.: 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
23-06-2025
- Business
- Time of India
Sensex, Nifty take a hit, but 5 reasons why smallcaps, midcaps remain bulletproof
1. Stock-Specific is the New Market Mood Live Events 2. Earnings Optimism 3. No FII, No Fear 4. A Tsunami of Domestic Liquidity 5. War Overhang May Be Short-lived Investment Strategy Intact (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel While the Sensex tanked over 900 points and the Nifty slid below the psychological 25,000 mark in Monday's trade, it felt like just another calm day in paradise for smallcap and midcap investors. The bombs may be flying over the Middle East, but in Dalal Street's broader market, it's stock-specific a day marked by escalating geopolitical drama, following the US strike on Iran's nuclear facilities, retail portfolios hardly flinched. In fact, many BSE Smallcap index defied gravity, rising 0.3% as stocks like Ideaforge, Apollo Micro Systems and Northern Arc Capital surged over 10%. The Nifty Midcap 100 also climbed 0.34%, even as the frontline Nifty 500 closed 0.26% what's insulating the small and mid-tier soldiers of the market when the generals are bleeding?'The market structure has changed over the last 2-3 months,' said Sunny Agrawal, Head of Fundamental Research at SBI Securities. 'It's become stock-specific. Investors are laser-focused on earnings growth potential or fundamental shifts in business. In some cases, industry tailwinds like in defence, are driving action.'Also Read | Rs 1 lakh crore FII selloff in 6 sectors! Are you still holding the wrong stocks? According to Agarwal, several midcap and smallcap names are poised to deliver a 25-30% CAGR in earnings over the next two years. Agarwal remains bullish on NBFCs and consumption-driven themes, which are more dependent on India's domestic story than oil flows through Institutional Investors (FIIs) have largely stayed away from the midcap and smallcap space. The result? No selling pressure. In a war-induced panic selloff, that's the moat retail and HNIs are not just retail. Family offices and domestic institutions are increasingly parking money in the broader market. "Family office pools are growing stronger, and midcaps/smallcaps are no longer just HNIs and retail investors," said Agarwal. "MF inflows are healthy too and going into better-quality names."Also Read | Why stock market is falling today? Key factors behind 900-point Sensex crash, Nifty below 24,850 Dr V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services , doesn't expect a prolonged selloff. 'Even though the US bombing of Iran's nuclear facilities has worsened the West Asia crisis, market reaction remains measured. Crude prices, US futures, and the absence of panic in Asian markets indicate restraint,' he said.'The closure of the Hormuz Strait, while always a threat, has never actually happened. Any serious escalation will hurt Iran and its ally China more than the US.'The market construct, he added, continues to support a 'buy on dips' the geopolitical turbulence, both experts maintain their constructive outlook. Agarwal expects "the war overhang will get 2-3 days over" and remains bullish on NBFC and consumption themes. "The market is a buy on dip structure," he echoed this sentiment: "The market construct continues to favour a 'buy on dips' strategy," suggesting that long-term investors view current volatility as an opportunity rather than a systemic threat.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
