ideaForge Shares Nosedive 9.6% In Second Trading Session

ideaForge Shares Nosedive 9.6% In Second Trading Session

SUMMARY

After debuting on the bourses at a premium of 94% on Friday (July 7), shares of ideaForge slumped 9.6% to INR 1,171.1 during the early trading hours on Monday

At 2.40 PM IST, the drone startup’s shares were trading at INR 1,189, down 8.2%, due to profit booking

Among other new-age tech stocks, DroneAcharya, Paytm, Fino Payments Bank, PB Fintech, CarTrade, Nykaa, RateGain, and IndiaMart InterMESH were also trading lower on Monday

Shares of IdeaForge slumped 9.6% to INR 1,171.1 during the early trading hours on the BSE on Monday (July 10) after Friday’s mega listing. 

At 2.40 PM IST, the drone startup’s shares were trading at INR 1,189, down 8.2%.

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