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In the past one month, the stock of this defence and aerospace electronics solutions provider has declined 1.6 percent, as against 2 percent dip in the Sensex benchmark
Data Patterns shares rose 6.75% to Rs 2130 against the previous close of Rs 1995.15 on BSE.
Capital goods companies are positioned for strong revenue growth in the September quarter
Defence and Aerospace electronics solutions provider Data Patterns Ltd has inked a licensing and transfer of technology agreement
Data Patterns has jumped four-fold since its IPO in Dec 2021. In the last one month, the stock has corrected from around Rs 2,500 to Rs 2,029 apiece. It is now trading at 40 times its estimated fiscal 2025 earnings, which is reasonable.