ideaForge Technology shares drop over 9% in two days. JM Financial downgrades rating
ideaForge Technology shares fell 9.5% over two days after JM Financial downgraded the stock to Add from Buy, citing valuation concerns following a sharp run-up despite strong long-term prospects. The brokerage expects order inflows to remain weak in FY27 before recovering in FY28 and FY29, while execution momentum and operating leverage could support significant revenue and margin growth.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
