At 10:30 am, the total traded value of the stock stood at Rs 12.59 crore, with a total traded volume of 2.64 lakh shares. The total market capitalization of the company stood at Rs 2,121.36 crore.
ideaForge Technology is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS). The company produces Unmanned Aircraft Vehicles (UAVs) designed for mapping, security, and surveillance, with applications ranging from mining area planning to comprehensive mapping solutions.
The company had the largest operational deployment of indigenous UAVs across India, with an ideaForge-manufactured drone taking off every five minutes on average for surveillance and mapping. The indigenous design and technological capabilities allowed the Company to design, develop, engineer and manufacture UAVs in-house with control on performance, reliability and autonomy, according to the data available on Trendlyne.
It also noted that the company had indigenously developed and manufactured vertical take-off and landing (VTOL) UAVs in India in 2009.
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Since the conflict erupted on Wednesday, the shares of ideaForge have rallied sharply by 37.6%. This is also in line with many defence stocks that rallied significantly amid the war tensions.
The India-Pakistan conflict, the most severe in nearly three decades, erupted on Wednesday when India launched strikes on nine terror sites in Pakistan in response to a prior attack in Kashmir that claimed 26 lives.
The conflict on Wednesday as India conducted strikes on nine terror sites in Pakistan, retaliating against a prior attack in Kashmir that left 26 dead.
Indian military officials reportedly sent a “hotline message” to Pakistan on Sunday, warning of potential retaliation if ceasefire violations continued.
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