Shares of drone companies like Zen Technologies and IdeaForge soared on Friday, hitting their upper circuit limits during intraday trading as tensions escalated between India and Pakistan.
Zen Technologies Hits Upper Circuit
Zen Technologies opened at ₹1295.15 on the BSE, a bit lower than its previous close of ₹1339.44. Despite the weak start, the stock quickly gained momentum and hit an intraday high of ₹1406.35—its upper circuit limit. Though the stock is still down around 43% so far this year, it’s showing signs of a strong comeback. Over the past five years, Zen Technologies has delivered massive returns, rising more than 3,800% and turning into a multibagger for early investors.
Ideaforge Stock Rallies 20%
IdeaForge Technologies also had a strong day. It opened at ₹386.25, just above Thursday’s close of ₹386, but soon shot up to ₹463.25—a 20% jump and its upper circuit limit for the day.
Media reports suggest India has deployed Harop suicide drones to strike Pakistani air defense systems, signaling a move towards more advanced, unmanned combat strategies.
This sharp rise in drone stocks points to growing market optimism around India’s drone tech capabilities and its future role in defense.
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The information provided is for general informational purposes only and should not be considered as investment advice. Investors are advised to conduct their own research or consult with a financial advisor before making investment decisions.
