<ul data-eligibleForWebStory="true"><li>Shares of drone manufacturer ideaForge surged 8% to INR 599.60 on the BSE amidst a rally in defence stocks.</li><li>Investor interest in defence-related companies has increased due to the Israel-Iran conflict.</li><li>The stock initially opened lower at INR 550.10 but gained momentum during early trading hours.</li><li>By 12:01 PM, ideaForge shares were trading 5.75% higher at INR 586.65 on the BSE.</li><li>ideaForge's market capitalisation was INR 2,541.27 Cr with a trading volume of 14 Lakh shares.</li><li>While the broader market was down, the Nifty India Defence Index rose by 2.27%.</li><li>Defence stocks like HAL, BDL, and BEL also saw gains of 1% to 3% in the current session.</li><li>Geopolitical tensions and expectations of higher defence spending contributed to the sector's positive performance.</li><li>Defence Secretary Rajesh Kumar Singh anticipates contracts worth INR 2 Tn in FY26, up from INR 2.09 Tn in FY25.</li></ul>

ideaForge Shares Up 8% Amid Rally In Defence Stocks

Discover more