Ideaforge Share Price Today: Shares of aerospace and defense sector company Ideaforge Technology are witnessing tremendous growth in the first trading session of the week on Monday. On November 17, shares of Ideaforge Technology are running like a rocket on BSE.
An increase of about 11 percent or Rs 47.90 is being seen in these. The reason behind this rise is the receipt of new defense orders worth more than Rs 100 crore. Talking about the shares of the company, in the last 8 months, a jump of about 60 percent has been registered.
The company got a big deal from the army
According to drone manufacturing company Ideaforge Technology, it has received a supply order worth more than Rs 100 crore from the Indian Army. The company will deliver next-generation tactical unmanned vehicle ‘Zolt’ and all-terrain VTOL drone ‘SWITCH 2’ to the army.
Giving further information about this deal, the company has said that the value of the order for Jolt drone is around Rs 75 crore. At the same time, the company has received an order worth about Rs 30 crore for Switch 2. As a company, they have received many big orders related to the defense sector.
Company’s condition in share market
At around 1:20 pm on Monday, November 17, the company’s shares were trading at Rs 521.70 on BSE. Which is an increase of 12.06 percent or Rs 56.15. The shares had reached a high level of Rs 521.70 during the trading day.
Talking about the 52-week high level of the company share, it had reached the level of Rs 660.55. At the same time, the 52 week low level was Rs 301. The market cap of the company is Rs 2241 crore.
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