🚀 Drone Stock on Fire! IdeaForge Soars 7% Today, Delivers 55% Return in Just 1 Month — Are You In?
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.
IdeaForge Technology share price rallied over 7% on Wednesday 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 one-week average volume of 11 lakh shares.
The recent rally in IdeaForge comes on the back of heightened investor interest in defence 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 defence capabilities, including the destruction of key Pakistani air bases and the interception of incoming drones 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 stellar listing at ₹1,305.10 per share — over 94% above its issue price of ₹672. The stock hit a 52-week high of ₹864.10 on July 12, 2024, and a 52-week low of ₹301 on April 7, 2025.
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