India, June 23 -- Update | June 23, 3:19 PM

Shares of drone manufacturer ideaForge surged as much as 10% to hit the upper circuit at INR 631.65 during the early trading hours on the BSE today, after the company bagged an order from the defence ministry.

As per an exchange filing, the company secured an order worth around INR 137 Cr (all inclusive) to supply mini UAVs with accessories to the defence ministry.

The terms and condition of the order outlines that mini UAVs with accessories to be delivered within 12 months.

Original | June 23, 11:58 AM

Shares of drone manufacturer ideaForge jumped as much as 10% to INR 631.65 during the early trading hours on the BSE today, driven by a rally in defence stocks.

Defence stocks in India surg...