Drone stock Ideaforge gets buy rating; Ashika sees 27% upside - check target price
AI Summary
The shift in India's drone industry towards a critical component of military procurement presents a significant opportunity for domestic manufacturers like ideaForge Technology. With a projected increase in defense spending and a robust pipeline of procurement contracts, investors should consider the long-term growth potential in this sector, especially as the company is well-positioned to capitalize on these trends. The recent stock performance, despite short-term volatility, highlights the potential for substantial upside as the market recognizes the strategic importance of drones in defense.
India’s drone industry is moving beyond being a niche defence technology into a strategically important part of the country’s military procurement architecture, and analysts expect this shift to create a multi-year opportunity for domestic drone manufacturers.
Ashika Institutional Research said drones had reached an inflection point following Operation Sindoor, the Russia-Ukraine war and conflicts in West Asia.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 26 September 2026.
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