Ideaforge Technology jumps on bagging orders worth Rs 107 crore
Ideaforge Technology is currently trading at Rs. 514.20, up by 48.65 points or 10.45% from its previous closing of Rs. 465.55 on the BSE.
The scrip opened at Rs. 492.50 and has touched a high and low of Rs. 522.35 and Rs. 492.00 respectively. So far 392112 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 660.55 on 12-Dec-2024 and a 52 week low of Rs. 301.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 522.35 and Rs. 454.20 respectively. The current market cap of the company is Rs. 2213.56 crore.
The promoters holding in the company stood at 33.36%, while Institutions and Non-Institutions held 1.74% and 64.90% respectively.
Ideaforge Technology has secured orders worth around Rs 107 crore from Ministry of Defence. The company has secured an order worth around Rs 75 crore (all inclusive) for AFDS/Tactical class UAV with accessories to be delivered within 12 months. Further, the company secured another order worth around Rs 32 crore (all inclusive) for Hybrid UAV with accessories to be delivered within 6 months.
Ideaforge Technology is engaged in the business of manufacturing and marketing of UAV systems which are used for security and surveillance.
