India's Ideaforge Technology rises on report it will enter US drone market

ideaForge Technology

23/02/2024 07:54

** Shares of Ideaforge Technology  IDEF.NS  rise as much as
7.3% to 782.3 rupees before trimming some gains to trade 3.3%
higher
    ** The drone maker is entering the U.S. drone market, Indian
daily The Hindu reports, citing news agency PTI
    ** Ideaforge Technology did not immediately respond to
Reuters request for comment
    ** Shares of space-linked cos rose between 0.2% and 8% on
Thursday after govt relaxed foreign investment rules 
    ** Stock set for best weekly rise since its listing in July
2023 
    ** Trading vol is 3x the 30-day daily avg, tops 1 mln for
the sixth time since listing




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))