Ideaforge Share Price: Drone Stock Jumps 7%, GIVES 55% Returns in one month. Do you oven?

Ideaforge Technology Share Price Rallied Over 7% on Wednsday AMID A sharp uptick in trading volumes. The Drone Stock, Ideaforge Shares Spiked as Much as 7.80% to 605.50 apiece on the bse.

On June 4, approximately 23 lakh equity shares of ideaforge technology changed hands on the exchanges, significantly higher than its own than its one-wheek average Volume of 11 Lakh Shares.

The recent rally in ideaforge come on the back of heightened investment in defense and drone stocks, following the escalation of the India-pakistan conflict. The Indian Army’s ‘Operation Sindoor’, Launched on May 7, Showcased The Country’s indigenously developed Drone and Defense Capability, Including The Destruction of Key Pakistani AIR BASES and The Interacation Incoming draones and missiles.

Ideaforge Technology Share Price Has Jumped Over 70% Since May 6 – Just a day before the operation.

Ideaforge Share Price Performance

Ideaforge share price has gained 56% over the past month and 74% in the last three months. However, the drone stock is still down 4% on a year-to-date (ytd) Basis and has declined 7% over the past year.

Despite the Recent Recovery, Ideaforge Shares Continue to Trade Significantly Below Their Listing and Issue Prices. The company debuted on the bourses on July 7, 2023, with a Steller Listing at 1,305.10 per share – Over 94% Above Its Issue Price of 672. The stock has a 52-wheek high of 864.10 on July 12, 2024, and a 52-wheek low of 301 on April 7, 2025.

Technical outlook

Ideaforge Share Price Has Been Forming Higher Highs With Strong Volumes. The recent price upmove is supported by high volumes. The short-term bias for ideaforge shares remains positive and we can see a rally towards 650 Level, Said Ruchit Jain, Vice President, Equity Technical Research, Motilal Oswal Financial Services Ltd.

Jain sugges a ‘boy on dips’ strategy and has an ideaforge share price target of 650.

At 12:05 PM, Ideaforge Technology Share Price Was Trading 5.79% Higher at 594.15 Apiece on the bse.

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