India-Pakistan Tension: Drone Stocks ideaForge and Zen Technologies Shares Rallied

On Friday, May 9, 2025, ideaForge Technologies and Zen Technologies shares price surged amid escalating tensions between India and Pakistan along the Northern and Western borders during the night of May 8–9. The geopolitical uncertainty sparked investor attention towards defence-related stocks, with ideaForge jumping 14% and Zen Technologies hitting its 5% upper circuit.

IdeaForge Q4FY25 Results

Despite the stock rally, ideaForge reported disappointing Q4 results the previous evening. The company posted an 80% year-on-year revenue decline for the March quarter, alongside a net loss of ₹26 crore, down sharply from a net profit of ₹10 crore in the same quarter last year. For the full fiscal year, revenue was cut in half due to delayed government spending and a shift in order timelines.

Looking ahead, ideaForge is pivoting toward strategic innovation. The company has partnered with Resonia (Sterlite Group) to leverage drone and robotics technology for energy sector transformation.

Also Read: Best Drone Stocks in India in May 2025: Zen Tech, RattanIndia, HAL and More – 5Yr CAGR Basis

Zen Technologies Secured Defence Order

Meanwhile, Zen Technologies continues to benefit from defence sector momentum. In March, it secured a significant order from the Ministry of Defence for its Integrated Air Defence Combat Simulator, reinforcing its position as a key player in military simulation technology.

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