New Delhi, May 5 -- Multibagger drone stock ideaForge Technology share price surged over 8% on Monday, May 5, hitting a 52-week high of Rs.794.40 after the company reported a sharp turnaround in its March quarter performance. The stock extended its rally to the sixth consecutive session, after hitting a 20% upper circuit in the previous session.

The momentum has been strong, with the stock gaining around 50% over the past six sessions, driven by robust earnings recovery and improving sentiment around defence and drone stocks.

For the March quarter, Ideaforge reported a net profit of Rs.60 crore, compared to a net loss of Rs.26 crore in the same period last year, marking a significant turnaround. Revenue jumped over 600% year-on-year to ...