Latest news with #ideaForgeTechnology
&w=3840&q=100)
Business Standard
23-06-2025
- Business
- Business Standard
IdeaForge Technology secures ₹137 crore drone order from Indian Army
Drone technology firm ideaForge Technology has secured an order worth about Rs 137 crore for hybrid mini unmanned aerial vehicles systems from the Indian Army through the emergency procurement route, the company said on Monday. ideaForge said a key requirement during the assessment for the selection of unmanned aerial vehicles (UAV) was that all critical sub-components must be sourced from non-border-sharing nations, and that the platform be substantially indigenous in capability and design. "ideaForge Technology has secured a significant win through the emergency procurement route. The order, valued at approximately Rs 137 crore, has been placed by the Indian Army for its high-performance hybrid Mini UAV systems, which are already battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations, the company said in the statement. The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, Delhi, and the US. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
23-06-2025
- Business
- Economic Times
IdeaForge bags around Rs 137 crore drone order from Indian Army
Drone technology firm ideaForge Technology has secured an order worth about Rs 137 crore for hybrid mini unmanned aerial vehicles systems from the Indian Army through the emergency procurement route, the company said on Monday. ideaForge said a key requirement during the assessment for the selection of unmanned aerial vehicles (UAV) was that all critical sub-components must be sourced from non-border-sharing nations, and that the platform be substantially indigenous in capability and design. "ideaForge Technology has secured a significant win through the emergency procurement route. The order, valued at approximately Rs 137 crore, has been placed by the Indian Army for its high-performance hybrid Mini UAV systems, which are already battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations," the company said in the statement. The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, Delhi, and the US.
Time of India
23-06-2025
- Business
- Time of India
IdeaForge bags around Rs 137 crore drone order from Indian Army
Drone technology firm ideaForge Technology has secured an order worth about Rs 137 crore for hybrid mini unmanned aerial vehicles systems from the Indian Army through the emergency procurement route, the company said on Monday. ideaForge said a key requirement during the assessment for the selection of unmanned aerial vehicles (UAV) was that all critical sub-components must be sourced from non-border-sharing nations, and that the platform be substantially indigenous in capability and design. "ideaForge Technology has secured a significant win through the emergency procurement route. The order, valued at approximately Rs 137 crore, has been placed by the Indian Army for its high-performance hybrid Mini UAV systems , which are already battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations," the company said in the statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, Delhi, and the US.
Mint
16-06-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 16 June 2025
Buy or sell stocks: Following weak global market sentiments on the Israel-Iran war, the Indian stock market extended its selling spree for the second straight session on Friday last week. The Nifty 50 index finished 169 points lower at 24,718. The BSE Sensex shed 573 points and closed at 81,118, while the Bank Nifty index ended 555 points downside at 55,527. Trading volumes on the NSE cash market were down by 11% compared to yesterday. BEL, ONGC and Tech Mahindra managed to show some resilience, emerging as major gainers on the Nifty. Conversely, Adani Ports, ITC, and SBI bore the brunt of significant selling pressure, ultimately closing the session as major losers. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Indian stock market bias has turned cautious after the continuous selling for the two straight sessions. The Prabhudas Lilladher expert said the Nifty 50 has immediate support at 24,500, while the crucial support at 24,000 levels. On the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index witnessed a huge gap down near the important support area at 24,500 level on the back of rising geo-political tensions and with sentiment maintained with a very cautious approach, one need to wait and watch for further developments with 24,000 zone maintained as the crucial and major support near the 200 period MA which needs to be sustained to maintain the overall trend intact. On the upside, the index needs a decisive breach above the 25,000 level for the bias to improve to anticipate a further rise in the coming days." "The Bank Nifty index tanked below the important 55,800 to 56,000 band in the morning session, and with bias weakening, it would need to be sustained above the important 50-EMA zone at the 54,500 level to maintain the overall trend intact. With the index precariously, a decisive move above 56,000 level in the coming sessions can improve the bias and expect further upward movement with the 57,000 zone as the crucial resistance zone," said Parekh. Parekh said that support for Nifty today is 24,500, while the resistance is 25,000. The Bank Nifty would have a daily range of 55,000 to 56,200. Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: ideaForge Technology, ZEEL, and Snowman Logistics. 1] ideaForge Technology: Buy at ₹ 592, Target ₹ 650, Stop Loss ₹ 560; 2] ZEEL: Buy at ₹ 137, Target ₹ 145, Stop loss ₹ 132; and 3] Snowman Logistics: Buy at ₹ 62, Target ₹ 66, Stop Loss ₹ 60. 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 making any investment decisions.
Time of India
19-05-2025
- Business
- Time of India
Defence stocks detonate in Rs 1.8 lakh crore boom. Is a ceasefire on the charts?
With investors expecting a fresh wave of orders in the wake of Operation Sindoor , where India's indigenous missiles and desi drones danced past Pakistan's radars while our own airspace stood shielded with clinical precision, defence stocks have rallied by a jaw-dropping Rs 1.8 lakh crore from May 9. Drone-maker ideaForge Technology has led the sortie, soaring 56% (from May 8), while warship-builders Cochin Shipyard and GRSE have cruised ahead with 41% and 40% gains from May 9, respectively. Investors are betting that the government will respond to the success of indigenous weaponry on the battlefield with a fresh barrage of defence orders. The situation also opens a new frontier: exports. The numbers back the optimism. Alongside ideaForge's 56%, Mishra Dhatu Nigam , Zen Technologies , Paras Defence , and Data Patterns have all jumped over 30%. Defence PSU heavyweight HAL , the maker of Tejas jets and Dhruv helicopters, is up 16%. But for those tracking the sector's longer arc, the Sindoor spark is just the latest chapter. Between July 2022 and July 2024, the Nifty Defence index clocked a blistering 350% rally, only to crash 38% by February 2025 as markets turned cautious. Operation Sindoor has now reignited that fire—and how. Also read | Markets don't lie! Stock tickers in Shenzhen, Mumbai expose Pakistan's claims of victory According to Sanjeev B Zarbade of Antique, 'We continue to be positive on the Indian defence shipyards sector given strong order outlook, a robust policy framework favouring indigenisation, and substantial government investment.' Zarbade points to the Rs 8.45 lakh crore in Defence Acquisition Council (DAC) approvals between FY22–25, which is over 3.3x the amount cleared in the previous three years. The coming years could be flush with even bigger orders. 'We expect significant order inflows in FY26–27 for defence shipyards,' Zarbade said. The pipeline includes eight next-gen destroyers under Project 18 worth Rs 800 billion, and 12 submarines under Project 76 that could cost Rs 1,200–1,500 billion. India is also expected to firm up plans for a third aircraft carrier by 2028, with deployment eyed for 2038. Brokerage Jefferies has loaded up on optimism, maintaining Buy ratings on HAL (target Rs 4,715), Data Patterns (Rs 2,690), and BEL (Rs 325). The house expects robust double-digit EPS growth and strong capital efficiency, backed by the defence capex pipeline. But even as the cannons boom, some see smoke signals. Ashwini Shami, EVP and Senior Portfolio Manager at OmniScience Capital, warned that valuations have gone into combat mode. 'The Nifty India Defence index has rallied more than 60% from the Feb 25 bottom and currently trades at a P/E of 61,' Shami said, comparing it to the overheated July 2024 levels when the index traded at 73x earnings before a 38% fall. 'From a long-term horizon, we continue to believe in the defence theme as a potentially high-growth opportunity. We expect the defence budget to continue to expand, and the Indian defence players continue to enhance their capabilities across land, air, sea, and cyber domains. We believe in having a broad-based approach to take exposure to the defence theme. We find reasonable valuations in some of the DPSUs, strategic resource companies and select engineering & logistics firms. From a long-term investment viewpoint, follow valuation discipline, ignore hysteria and avoid momentum traps,' he said. Also read | War drums with Pakistan may force FIIs to hit brakes after Rs 50,000 crore buying spree Geojit's Anand James flagged technical exhaustion as well. 'The average daily RSI has surged past 70, entering the overbought zone. Stocks like GRSE, Mazagon Dock, Data Patterns, and BDL could be vulnerable to profit booking,' he said, though he noted that Cochin Shipyard and BEL could benefit from sectoral rotation. Speaking of Cochin Shipyard, not everyone is sold on its rally. Kotak Institutional Equities, in a notably cautious note, maintained a Sell rating. 'Cochin Shipyard results came in line, but the lack of naval orders remains a concern,' Kotak said. 'Ship repair orders for INS Vikrant and Vikramaditya have been key to CSL's performance, but these contracts are one-time in nature.' The firm added that possible tie-ups with global names like Maersk or Drydocks World could act as a catalyst, but for now, it has pegged the fair value at Rs 850. So, where does this leave investors? Trapped in the crossfire between explosive optimism and valuation anxiety. The fundamentals remain formidable: A rising defence budget, Make-in-India momentum, and the geopolitical necessity of arming smarter and faster. But as always in the markets, even the sharpest weapons can misfire when fired at the wrong price. As Shami summed up: 'Follow valuation discipline. Ignore hysteria.' (Data: Ritesh Presswala) ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
