IdeaForge Share Price Soars 7%: Drone Stock Delivers 55% Returns in One Month

Market Performance

IdeaForge Technology's share price surged 7% on Wednesday, reaching an intraday high of ₹605.50 on the BSE. The stock has been on a strong upward trend, delivering:

• 56% returns in the last month
• 70% gains since May 6, 2024
• 74% growth over the past three months

However, the stock is still:

• Down 4% year-to-date (YTD)
• 7% lower compared to last year

Trading volumes spiked, with 23 lakh shares exchanged—double the one-week average of 11 lakh shares.

Why is IdeaForge Stock Rising?

The recent rally is driven by:

• Increased investor interest in defense & drone stocks
• India's showcase of Indigenous drone tech in 'Operation Sindoor' (May 7, 2024)
• Geopolitical tensions boosting defense sector sentiment

Stock Price History

• Listing Price (July 7, 2023): ₹1,305.10 (94% above the IPO price of ₹672)
• 52-Week High: ₹864.10 (July 12, 2024)
• 52-Week Low: ₹301 (April 7, 2025)

Summary

IdeaForge's share price is witnessing a sharp rebound, driven by optimism in the defense sector and substantial trading volumes. Despite recent gains, the stock remains below its initial public offering (IPO) and peak levels, presenting a mixed performance over the past year.