Mumbai: Ideaforge Technology’s stock took off on Monday morning after the company announced a government contract topping Rs 100 crore. Right at market open, shares jumped almost 11 percent, climbing to Rs 519.90 on the BSE from Friday’s close of Rs 465.55. The stock started the day strong at Rs 492.50 and kept up the momentum. By early afternoon, it was still up over 10 percent at Rs 512.10, with the market clearly buzzing about the news.

So, what’s driving all this excitement? The Indian Army has placed big orders for Ideaforge’s Zolt tactical UAV and the all-terrain SWITCH 2 VTOL drone. The Zolt order alone is worth about Rs 75 crore, awarded after some tough field trials, electronic warfare tests, and strict checks to make sure everything meets the country-of-origin rules. On top of

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