Page 10 - Data Patterns News Today

A foreign entity was the seller and the stake was bought by a clutch of foreign and domestic institutional buyers, CNBC-tV18 reported citing sources.

Data Patterns stock climbed 9.69% to Rs 2,035.15 on the BSE. Trading volumes also spiked to 61 lakh shares, higher than the one-month daily traded average of 1 lakh shares.

The domestic equity market was trading higher on Friday. Sensex rose 336 points to 72,387 and Nifty added 107 pts to 22,018. Heres a look at stocks in focus today.

Florintree Capital Partners, led by Mathew Cyriac, has exited its investment in Data Patterns (India) Ltd, selling its entire 10.71% stake worth about Rs 1,100 crore. The company has also received investments from Singapores GIC, Mirae Mutual fund, HDFC Mutual Fund, and Kotak Mahindra Mutual Fund. Data Patterns, a defence and aerospace electronics solutions provider, has seen a 21x return in less than three years.

The NSE Nifty index closed 129.96 points up at 22040.7

Over the past 12 months, Data Patterns shares have yielded returns of more than 40%, with a year-to-date return for 2024 standing at 9.46%.

Other buyers in Data Patterns were Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund

Domestic equity indices were muted on Friday and logged weekly losses, weighed down by financials and consumer stocks, as investors digested the fading likelihood of early rate cuts in India and the United States.

India’s growing clout on the world stage is giving it a halo that companies find irresistible. A high level of corporate governance standards can burnish its reputation further

The better way to play pharma is Sun Pharma and Aurobindo which we like. The other trend is domestic outlook for the growth for pharma. The proxy there is Torrent and Ajanta.Railways have new avenues of growth and strong momentum. Medium-term targets and government support improve growth prospects. Larger railway stocks like Concor, Kalpataru, and KEC are attractive due to their involvement in electrification lines. Having said that, some of the mid and smallcaps have run up much sharper.