The Latest Breaking News from IdeaForge Technology

ideaForge Technology shares drop over 9% in two days. JM Financial downgrades rating

ideaForge Technology shares fell 9.5% over two days after JM Financial downgraded the stock to Add from Buy, citing valuation concerns following a sharp run-up despite strong long-term prospects. The brokerage expects order inflows to remain weak in FY27 before recovering in FY28 and FY29, while execution momentum and operating…

The Economic Times · Aug 12

ideaForge Technology shares slide 5% after Q1 gross profit margin falls 49%

ideaForge Technology shares fell after its Q1 gross profit margin declined to 49% from 62% a year ago and 68% in the previous quarter. Gross profit rose to Rs 33.6 crore and revenue increased to Rs 68.6 crore, while EBITDA turned positive at Rs 4.3 crore.

The Economic Times · Aug 11

Ideaforge raises Rs 500 crore via QIP to fund next phase of growth

The company allotted a total of 62,89,308 equity shares of a face value of Rs 10 each at an issue price of Rs 795 per share, representing a discount of Rs 40.86 (4.89 per cent of the floor price) determined as per market regulator SEBI guidelines, the company said in…

The Economic Times · Jul 14