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ideaForge Technology shares drop over 9% in two days. JM Financial downgrades rating
ideaForge Technology shares fell 9.5% over two days after JM Financial downgraded the stock to Add from Buy, citing valuation concerns following a sharp run-up despite strong long-term prospects. The brokerage expects order inflows to remain weak in FY27 before recovering in FY28 and FY29, while execution momentum and operating leverage could support significant revenue and margin growth.
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economictimes.indiatimes.com
ideaForge Technology shares slide 5% after Q1 gross profit margin falls 49%
ideaForge Technology shares fell after its Q1 gross profit margin declined to 49% from 62% a year ago and 68% in the previous quarter. Gross profit rose to Rs 33.6 crore and…
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yourstory.com
Supply chain disruptions push ideaForge into losses in Q1FY27
The order book of ideaForge now stands at over Rs 300 crore with demand coming in from both civil and defence sectors
