Page 16 - Data Patterns News Today

Stocks of defence-related companies have been firing on all cylinders on the bourses in calendar year 2023 (CY23). Shares of Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns, MTAR Tech, Cochin Shipyard and GRSE have rallied in the range of 21-96 per cent so far this year. By comparison, the BSE Sensex is up 8 per cent. The gains have been sustained on the back of robust export opportunities, a healthy project pipeline and the governments continued push ...

Data Patterns share price: When asked about an update on BrahMos, the company management said, "BrahMos seeker is about to get flight tested anytime. We are not very sure exactly in the next few weeks. It is still in that stage. The BrahMos flight testing is over, we will be able to announce this. But it is the program is on, it is current and they are expecting to do a flight test very soon."

This remarkable surge underscores the resilience and growth potential of these companies, with Cera Sanitaryware, Data Patterns and Esab India taking the lead.

I have picked some stocks from midcap and small cap space. So, first stock which I like is Sonata Software. This stock is buzzing after a long time and volume participation is backing it up.

The 30-share BSE Sensex pack rose 170 points or 0.26 per cent to trade at 65,119, while the broader NSE Nifty moved 50 points or 0.26 per cent up to trade at 19,360. Mid- and small-cap shares were positive as Nifty Midcap 100 rose 0.54 per cent and small-cap gained 0.52 per cent.

A reasonably positive candle was formed on the daily chart with a minor upper shadow. Technically, this pattern indicates a narrow range movement in the market at the support of 19,250-19,300 levels

​The stock has been taking support above the 50-Days Exponential Moving Average on the daily charts. On the monthly charts, it has been making higher lows for the past eight months.

Data Patterns stock has given a return of 43.73 percent over the last six months.

Multibagger stock: Shares of defence and aerospace solutions provider, which closed at Rs 745.6 on July 19 last year ended at Rs 2,052.40 on the BSE on Wednesday, delivering 175.27% returns during the period.

Shares of Mazagon Dock Shipbuilders, Indias only shipyard to have built destroyers and conventional submarines for the navy, have gone through the roof, rising 122% so far this year. Shares of Data Patterns, a vertically-integrated defence and aerospace electronics solutions provider have rallied 87%, Hindustan Aeronautics (HAL) has advanced over 50%, while Bharat Electronics and Garden Reach Shipbuilders & Engineers have surged 26% each on a year-to-date (YTD) basis.