{"id":110596,"date":"2023-09-22T16:08:19","date_gmt":"2023-09-22T10:38:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110596"},"modified":"2023-09-22T16:08:25","modified_gmt":"2023-09-22T10:38:25","slug":"defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/","title":{"rendered":"Defense stock jumps up to 5% after company bags an order for surveillance equipment"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4244168835\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This S&amp;P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1781902981\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stock has seen 2x the average weekly and monthly average volumes on Friday and is 30%, 5% away from its 52 week high and 20 day moving average respectively after the company announced receipt of an order for surveillance equipment.\u00a0<\/p><p>In a filing dated 21st September 2023, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IDEAFORGE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">IdeaForge Technology Ltd<\/a><\/strong> (\u201cIdeaforge\u201d) stated that it has received order worth about IRs. 58 Crores (exclusive of GST) to supply 400 Surveillance Copters with accessories to M\/s Strategic Marketing \u2013 which is a domestic entity and the project is set to be completed in 12 months.\u00a0<\/p><p>Earlier this quarter in early August the company received an order worth Rs. 88.06 crore (exclusive of GST) to supply Surveillance quadcopters with Accessories to one of the forces under the Ministry of Defence, Govt. of India.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-466643716\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Ideaforge was listed recently in July 2023 and is classified as smallcap and included in S&amp;P BSE IPO index.Ideaforge engages in the design, development, manufacture, and marketing of unmanned aerial vehicle (UAV) systems for security and surveillance applications in India and internationally. The company is a pioneer and market leader with 50% market share in the UAS industry.&nbsp;<\/p><p>Key metrics for the company \u2013 ROCE (16%), Debt to Equity (0.29), Current Ratio (2.6). The company has reported growth in its top line in FY23 of 17% YoY from Rs. 159 crore to Rs. 186 crore. <\/p><p>The growth however, has come at the cost of margins which has declined 1040 bps in FY23 from 27.6% in FY22 resulting in Net profits of Rs. 22 crore and 15 crore respectively in FY22 and FY23.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3035254330\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This S&amp;P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore. The stock has seen 2x the average weekly and monthly average volumes on Friday and is 30%, 5% away from its 52 week [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10728,12391,948,936,12392],"class_list":["post-110596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ideaforge-technology-latest-news","tag-ideaforge-technology-latest-orders","tag-stock-market","tag-stock-market-news","tag-why-is-ideaforge-technology-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defense stock jumps up to 5% after company bags an order for surveillance equipment - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defense stock jumps up to 5% after company bags an order for surveillance equipment\" \/>\n<meta property=\"og:description\" content=\"This S&amp;P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-22T10:38:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-22T10:38:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/defence-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/\",\"url\":\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/\",\"name\":\"Defense stock jumps up to 5% after company bags an order for surveillance equipment - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/defence-cover-image.jpg\",\"datePublished\":\"2023-09-22T10:38:19+00:00\",\"dateModified\":\"2023-09-22T10:38:25+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"This S&P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/defence-cover-image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/defence-cover-image.jpg\",\"width\":1280,\"height\":854,\"caption\":\"defence\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Defense stock jumps up to 5% after company bags an order for surveillance equipment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Defense stock jumps up to 5% after company bags an order for surveillance equipment - Trade Brains Features","description":"This S&P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/","og_locale":"en_US","og_type":"article","og_title":"Defense stock jumps up to 5% after company bags an order for surveillance equipment","og_description":"This S&P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore.","og_url":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-09-22T10:38:19+00:00","article_modified_time":"2023-09-22T10:38:25+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/defence-cover-image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/","url":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/","name":"Defense stock jumps up to 5% after company bags an order for surveillance equipment - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/defence-cover-image.jpg","datePublished":"2023-09-22T10:38:19+00:00","dateModified":"2023-09-22T10:38:25+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"This S&P BSE IPO index stock jumped 5% within the first 15 minutes of markets opening on Friday and currently trades at Rs. 937.35 with a market cap of Rs. 3,902 crore.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/defence-cover-image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/defence-cover-image.jpg","width":1280,"height":854,"caption":"defence"},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/defense-stock-jumps-up-to-5-after-company-bags-an-order-for-surveillance-equipment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Defense stock jumps up to 5% after company bags an order for surveillance equipment"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/110596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=110596"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/110596\/revisions"}],"predecessor-version":[{"id":110597,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/110596\/revisions\/110597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/98521"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=110596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=110596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=110596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}