India, June 13 -- Shares of drone manufacturer ideaForge jumped as much as 8% to INR 599.60 during the early trading hours on the BSE today.

This comes amid Israel-Iran conflict driving investor interest in defence-linked companies.

The stock opened at INR 550.10, lower than its previous close of INR 554.60, but quickly gained momentum.

By 12:01 PM, the shares had trimmed some gains and were trading 5.75% higher at INR 586.65 on the BSE.

At the time, ideaForge's market capitalisation stood at INR 2,541.27 Cr, with a trading volume of 14 Lakh shares.

Despite weakness in the broader market (Nifty 50 and Sensex were both down 0.7%), the Nifty India Defence Index was up 2.27%, making it one of the few sectoral gainers.

Defence stocks su...