IdeaForge slips 6%, hits lowest level since listing post Q1 results
Shares of IdeaForge Technology slipped 6 per cent to Rs 1,008.05 on the BSE in Wednesday’s intra-day trade after the drone maker announced its first quarterly results since its stock market debut last month.
The stock was quoting lower for the sixth straight day, falling 13 per cent during the period. It was also at its lowest level since its market debut on July 7. The market price of the company has corrected 25 per cent from its record high level of Rs 1,344 touched on listing day. However, the stock is still trading 50 per cent higher over its issue price of Rs 672 per share.
