India, Nov. 17 -- Shares of ideaForge skyrocketed 12% to INR 522.35 during intraday trading on the BSE today (November 17) shortly after it announced bagged two orders worth INR 107 Cr order from the Ministry of Defence on Friday.

The company's shares closed today's trading session 8.04% higher at INR 503. Its market capitalisation stood at $245.4 Mn (INR 2,175.46 Cr), up from the $230 Mn market cap it commanded at the end of last week.

The stock has delivered positive returns in the short turn as it surged 9.85% over the last five days. However on a year-to-date (YTD) basis, the company shares declined almost 18% at the time of writing.

The dronetech major received an order worth INR 75 Cr from the MoD to deliver AFDS/Tactical class u...