Data Patterns (India) Ltd Share Price (DATAPATTNS)

Data Patterns (India) Ltd Receives Positive Ratings from Jefferies and Increased FII/FPI Stake - 19 Apr, 2024

Global brokerage firm Jefferies named Data Patterns (India) Ltd as one of its top picks from the defence sector with a Buy rating and target prices suggesting more upsides ahead. Meanwhile, FII/FPI increased their stake in the company from 6.74% to 14.56%, indicating positive investor sentiment. The company also reported a strong order book of Rs. 1,009 Crores and revenue growth of 25% YoY.

Data Patterns Set for Strong Growth in Defence Electronics Sector - 12 Apr, 2024

Data Patterns (India) Ltd is expected to see significant revenue growth from FY24 to FY30 due to indigenisation and export opportunities in the defence and aerospace electronics sector. Technical analysis also suggests bullish momentum with a target price of Rs 3,600.

Data Patterns (India) Ltd Stock Jumps 13.39% on Jefferies Coverage - 10 Apr, 2024

Data Patterns (India) Ltd stock rose sharply by 13.39% to hit a day high of Rs 3,045 following brokerage firm Jefferies' coverage initiation with a target price of Rs 3,545. The company is expected to benefit from indigenisation and export pipeline as India's defence exports are predicted to rise to $7 billion by FY2030. The counter was trading higher than the SMAs and had an RSI of 67.66.

Data Patterns (India) Ltd Reports Strong Q3FY24 Results - 06 Apr, 2024

Data Patterns (India) Ltd, an integrated defence and aerospace electronics provider, reported a strong order book of Rs. 1,009 Crores with revenue from operations growing by 25% YoY to Rs. 140 Crores in Q3FY24. The company's shares closed at Rs. 2,693.70, up 0.14% from the previous day's close price. With returns of 88% in a year and a PEG ratio of 0.60, Data Patterns (India) has a market capitalization of Rs. 15,080 Crores.

Jefferies Bullish on Data Patterns India - 02 Apr, 2024

Jefferies analysts initiate coverage on Data Patterns with a Buy rating and expect revenues to rise nearly five times in FY24-2030. Insiders own 56% of the company.