ideaForge Shares Rally 13% To INR 526

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SUMMARY

The rally came two days after the startup unveiled its mapping UAV, the Q6V2 GEO which is capable of mapping diverse terrains

On the financial front, the startup posted a weak quarterly performance. Its operating revenue fell 85% YoY and 37% QoQ to INR 12.8 Cr

The uptrend stood out against broader Indian indices, with both Sensex and Nifty 50 down 0.6% at the same time

Shares of listed dronetech startup IdeaForge surged as much as 13.6% to INR 526 during early trading…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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ideaForge Shares Rally 13% To INR 526


SUMMARY

The rally came two days after the startup unveiled its mapping UAV, the Q6V2 GEO which is capable of mapping diverse terrains

On the financial front, the startup posted a weak quarterly performance. Its operating revenue fell 85% YoY and 37% QoQ to INR 12.8 Cr

The uptrend stood out against broader Indian indices, with both Sensex and Nifty 50 down 0.6% at the same time

Shares of listed dronetech startup IdeaForge surged as much as 13.6% to INR 526 during early trading…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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