India, Jan. 28 -- Shares of ideaForge tumbled over 7% to hit a fresh all-time low at INR 470.95 apiece on the BSE today (January 28) ahead of the drone manufacturing company's third quarter results for the financial year 2024-25.

However, the stock recovered slightly during the intraday trade and was quoting at INR 484.60 at 12:01 PM, 4.73% lower than its previous close.

At the time of writing, the market capitalisation of the listed drone manufacturer stood at INR 2,094.15 Cr (around $242 Mn).

Earlier this month, the company informed the exchanges via a filing that it would declare its results for the three and nine months ended December 2024 on January 28.

ideaForge reported a consolidated net loss of INR 13.7 Cr in the quarter endi...