ideaForge Q2 Results: Drone company’s profit increases by 41%, forms joint venture with American company – ideaforge q2 results profit rises 41 percent company forms us joint venture expands global defense presence

IdeaForge Q2 Results: Mumbai-based drone technology company ideaForge Technology Ltd has registered strong profits in the September quarter (Q2 FY26). The company’s net profit increased by 41.3% year-on-year to ₹19.5 crore. This was ₹13.8 crore in the same quarter last year.

Revenue and EBITDA status

ideaForge’s revenue from operations grew 10% to ₹40.8 crore. Last year in Q2 FY25 it was ₹37.1 crore. However, EBITDA declined by 28.9%. It reached ₹11.3 crore, up from ₹15.9 crore a year ago.

The company’s gross margin stood at 50% in Q2 FY26. In the last quarter it was 61.7%. The company said that this decrease has come due to change in product mix.

Order inflow and new products

ideaForge said that on one hand it is getting work from big government projects, and on the other hand it is continuously receiving small orders from old customers. The company also recently held its first customer event PRAGYA, where it introduced new products – Q6 V2 Geo, SHODHAM M61, and FLYGHT CLOUD 2.0.

The company’s UAVs were also deployed for disaster response operations in several states during recent natural disasters.

International expansion and JV

During the quarter, ideaForge acquired First Breach Inc. through its US subsidiary. A joint venture (JV) has been formed with. Its purpose is to manufacture and market selected UAVs in the US.

Apart from this, the company’s Q6 UAV has also received NATO Stock Number (NSN). With this, it can now join the defense procurement system of NATO and its allied countries.

IdeaForge shares status

Shares of ideaForge closed at Rs 486.50, down 2.09% on Tuesday. The stock has given a return of 29.39% in the last 6 months. However, the stock has given a negative return of 19.85% in 1 year. This technology stock has fallen by 62.43% since listing.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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Stock Market: How can the market move on 29th October – stock market outlook for 29th October 2025 which stocks are top gainers and losers today

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SHARE MARKET TODAY: After highly volatile trading, the Indian stock markets closed in the red today on October 28 with a slight decline. After a sharp fall in early trade, there was a recovery in the market in the afternoon, which helped Sensex and Nifty recover from the fall. Investors remain cautious ahead of the results of the US Federal Reserve meeting.

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Defense stocks: Shares of defense company became rocket, rose by 7%; Got a big order from the government – defense stocks premier explosives shares jump nearly 7 percent after Rs 429 crore IAF order strengthens order book

Defense stocks: Shares of Premier Explosives Ltd saw a rise of about 7% on Tuesday. The company said it has received an order worth ₹429.56 crore from the Defense Ministry of India to supply chaffs and flares for the Indian Air Force (IAF).

Premier Explosives said these orders are to be fulfilled within the next 12 months. This includes Goods and Services Tax (GST).

Countermeasure System for IAF

This contract given by the Defense Ministry to IAF is related to the supply of chaffs and flares. These are countermeasure systems that help protect military aircraft from radar-guided and heat-seeking missiles.

Premier Explosives clarified that the contract has been awarded by a domestic entity. It is not linked to any related-party transaction. The company also said that no promoter or group company has any stake in the organization placing the order.

Important defense company of the country since 1980

Premier Explosives, started in 1980, is an important defense company of India. The company manufactures solid propellants, pyrotechnics and high-energy materials used in defence, space and mining sectors.

Premier Explosives plays an important role in the security system of the country. It supplies essential components and materials to the Indian armed forces, Defense Research and Development Organization (DRDO) and Indian Space Research Organization (ISRO).

Shares of Premier Explosives

Shares of Premier Explosives on Tuesday finally closed at Rs 628.45 with a gain of 3.93%. It made an intraday high of Rs 646.65, which was 6.9% higher than yesterday’s closing level. At one time it had increased by 8.65% from its intraday low-level.

The stock of Premier Explosives has increased by 43.32% in the last 6 months. At the same time, in the last 5 years it has given a multibagger return of 2,598.37%.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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Global Market: GIFT Nifty gains, pressure in Asian markets, Trump-Xi meeting raises hopes – global market nifty gains asian markets under pressure trump xi meeting raises hopes

Global Market : Selling is being seen in Asian markets. On the other hand, US INDICES closed at record high on expectations of a trade deal between America and China. The S&P500 index closed near the 6900 level. UBS says S&P500 7300 is possible by June 2026. Nasdaq rises on rally in semiconductor stocks. 7 big tech stocks saw a rise of about 3%. However, US rare earth stocks showed pressure yesterday. There was pressure in the shares after Scott Besant’s statement. Besant had said that China will postpone the export ban for one year.

Expectations increased from Trump-Xi meeting

Investors are excited by the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping. Trump said – “I have great respect for President Xi. I am sure that we will come out of this meeting with a good deal. The hope of reducing trade tensions between the two countries has brought new energy to the markets.

US President Donald Trump and Japan’s new Prime Minister Sanae Takaichi are scheduled to meet in Tokyo on Tuesday. Trump arrived in Tokyo on Monday and met Emperor Naruhito. This is considered an important diplomatic moment for Takaichi as she is the first female Prime Minister of Japan and this will be her first international meeting.

Investors are hoping that this meeting could discuss US-Japan trade relations and defense cooperation. Besides, the issue of competition in the technical field may also arise.

Qualcomm saw a rise

Share prices reached record levels yesterday. The company will launch AI accelerator chip. Will launch chip for AI inference market. Earlier the company’s focus was not on data center but now the company is competing with Nvidia and AMD. Sales of AI 200 chip will start from 2026. Sales of AI 250 chip will start from 2027.

NXP Semiconductor Q3

The company presented better results than expected. Supplies chips to automotive and industrial customers. Revenue in Q4 is expected to be $3.2-3.4 billion. The company hopes to end the oversupply of automotive chips.

Asian market

If we look at Asian indices, Gift Nifty is seen at the level of 26,053.50 with an increase of 37.50 points or 0.14 percent. At the same time, Nikkei is seen at the level of 50,420 with a weakness of 88.32 points or 0.17 percent. Hang Seng is seen at the level of 26,420 with a weakness of 8.70 points or 0.03 percent. Taiwan market is trading with an increase of 90.76 points or 0.32 percent. Kospi is trading with a weakness of 0.98 percent. Shanghai Composite is also in the red with a slight decline.

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Vedanta group got a shock, this company did not get approval from SEBI to bring IPO – setback for vedanta group sebi puts sterlite electric public listing on hold

Vedanta Shares: Vedanta Group’s plans to list its subsidiaries on the stock market have suffered a setback. Market regulator SEBI has not approved the initial public offer (IPO) of Vedanta Group’s subsidiary Sterlite Electric and put it on hold. According to the update released on SEBI website on Monday, this public listing has currently been put “on hold”.

This unit of Vedanta Group had filed draft papers (DRHP) for its IPO with SEBI in early October. The company planned to issue 7.8 million (about 77.93 lakh) new shares. Apart from this, offer-for-sale (OFS) will also be brought from the same number of existing shareholders.

However, now SEBI has put this proposal on hold, and the reasons have not been disclosed. According to a Reuters report, Vedanta Group has not made any official comment on SEBI’s decision.

Boom in IPO market

Despite this decision, India’s IPO market remains extremely active at the moment. According to a data, in the first nine months of the year 2025, more than 240 large and mid-sized companies of the country have raised capital of more than $ 10.5 billion (about Rs 87,000 crore).

With this performance, India has become the third largest market in the world in terms of fund raising through IPO. At the same time, between October and December 2025, it is expected to raise new capital worth up to $8 billion from the Indian stock market.

In case of Sterlite Electric

Sterlite Electric was formerly known as Sterline Power Transmission. It is one of the major companies of Vedanta Group. This company works in electric transmission, smart grid solutions and infrastructure development. Its IPO was considered an important step for Vedanta towards strengthening its business and reducing debt.

the way forward

At present, SEBI has not given the green signal to the IPO of Sterlite Electric. This means that unless SEBI gives approval, the company cannot proceed with the listing process in the stock market. Market experts believe that there could be some technical reason behind this decision of SEBI related to documentation, corporate structure or regulatory clearance. However, if the company makes necessary improvements, it may get SEBI approval again in the coming months.

Disclaimer: The views and investment advice given by experts/brokerage firms on Moneycontrol are their own and not those of the website and its management. Moneycontrol advises users to consult certified experts before taking any investment decision.

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Stock in Focus: Chemical company is giving bonus shares with stock split, know complete details with record date – stock in focus fineotex chemical stock split and bonus shares record date set for October 31 2025 details and investor impact

Stock in Focus: Fineotex Chemical Ltd, a specialty chemical maker, is going to split its stock and give bonus shares. The company has announced the record date for this, which is 31 October 2025. On this day it will be decided which investors will get the benefit of the company’s stock split and bonus shares. This decision was approved in the Extraordinary General Meeting (EGM) of the company on October 25.

What is the company’s plan?

Fineotex Chemical said in the information given to BSE and NSE that the shareholders have approved the split of one share with face value of ₹ 2 into two shares of face value of ₹ 1.

After this the company will give four bonus shares for every one share. That is, if an investor has one share, then after the split he will have two shares, and on those two shares he will get a total of eight bonus shares.

Why did the company take this decision?

Fineotex Chemical said this step has been taken to increase liquidity of shares, increase participation of retail investors, and reward old investors. The date of allotment of bonus shares has been fixed as 3 November 2025. This process will be according to the circular issued by SEBI on 16 September 2024.

Information has already been given

Fineotex Chemical had already informed the exchange on September 27 and October 25 that the company was considering a stock split and bonus issue. The company said, ‘This move reflects our strong financial position and commitment to create long-term value for shareholders.’

Company turnover and stock performance

Fineotex Chemical is a specialty chemical manufacturing company. It manufactures chemicals for textile, home care and hygiene industries. Over the past few years, the company has expanded both its product range and global presence.

However, the company’s shares have fallen 26% so far this year. Shares of Fineotex Chemical closed 0.9% lower at ₹253.95 on the NSE on Monday.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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There will be bumper earning opportunity in these 4 stocks on Monday! – which stocks today on 27th October 2025 can give you profit making opportunities watch video to know

markets

The stock market is trading on the green mark on 27 October. Know which 4 stocks have earning opportunity in this bullish market next week. In Chaar Ke Chauka, we will discuss 4 elements and will know from the experts about their stock picking and where they are placing their bets, watch the video.

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