IdeaForge Technology Shares Surge Up to 12% on MoD Orders

Shares of drone manufacturer ideaForge Technology jumped as much as 12% to an intraday high of ₹522.50 on the NSE today, following the announcement of two major orders from the Ministry of Defence. The stock later pared some gains but still closed ~8% higher at ₹503. Key Order Details: ₹75 crore order for supply of AFDS/Tactical class UAVs with accessories (delivery within 12 months) ₹32 crore order for Hybrid UAVs with accessories (delivery within 6 months) Total fresh order value: ₹107 crore Price Performance Context: Still ~21% below 52-week high of ₹661.25 (Dec 2024) Up ~72% from 52-week low of ₹304.20 (Apr 2025) YTD 2025: down ~19% Past 1 month: +6.5% Past 5 days: +8% The sharp move reflects strong market confidence in ideaForge’s growing dominance in India’s defence drone segment.