ideaForge Technology shares: Drone stock gains 53% in a year, but should you buy now? Check targets, support, stop loss

Résumé détaillé

ideaForge returned to profitability in Q2 FY27, posting a net profit of ₹6.5 crore as revenue rose 124% year-on-year to ₹91 crore. Analysts gave mixed technical views: some cited potential gains toward ₹900, while others advised caution until the stock clears resistance near ₹728–735.

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 year earlier.

The company's earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹23 crore, compared with a loss at the operating level in the year-ago quarter. The return to profitability, alongside strong revenue growth, marked a significant improvement in its quarterly performance.

Despite the improvement in quarterly earnings, investors need to assess whether the stock's technical structure supports further gains. Analysts have identified key resistance levels that could determine its next move, while their recommendations range from avoiding fresh purchases to accumulating the stock for a potential move towards higher targets.

Jigar S Patel, Senior Manager – Technical Research at Anand Rathi Share and Stock Brokers, has advised investors to avoid fresh buying at current levels.

“The technical structure remains cautious as…

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