Drone manufacturer ideaForge Technology has delivered a sharp turnaround in its quarterly performance, returning to profitability in the September quarter as revenue more than doubled year-on-year.
However, the stock's recovery has not been entirely smooth, with shares witnessing intermittent selling pressure despite gaining over 50% in the past year. With the company showing signs of financial improvement and technical indicators offering mixed signals, investors are now assessing whether the stock has further room to climb or whether caution is warranted at current levels.
ideaForge shares have declined 6% over the past month, 9% in three months and 8% in six months. Over the past year, the stock has gained 53%.
The shares touched a 52-week high of ₹997 in June 2026 and a 52-week low of ₹367.95 in March 2026, highlighting the volatility witnessed during the period.
ideaForge Technology reported a net profit of ₹6.5 crore for the September quarter, compared with a net loss of ₹19.6 crore in the corresponding quarter last year. Revenue from operations increased 124% year-on-year to ₹91 crore in Q2 FY27, from ₹40.8 crore a…