Bengaluru, June 23 -- During Monday's trading session, shares of a pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market hit a 10 percent upper circuit on the stock exchanges, after securing an order worth Rs. 137 crores from the Ministry of Defence.

With a market cap of Rs. 2,727 crores, the shares of Ideaforge Technology Limited hit a 10 percent upper circuit at Rs. 631.65 on BSE, as against its previous closing price of Rs. 574.25. The stock has delivered negative returns of around 23 percent in one year, but has gained by over 19 percent in the last one month.

What's the News According to recent regulatory filings with the stock exchanges, Ideaforge Technology Limited has received an order wo...