The Chennai based electronics solution provider to the aerospace and defense industry reported a 10 percent YoY drop in net profit to Rs 55 crore while revenue grew 9 percent to Rs 189 crore.

Data Patterns shares drop 4% on slump in Q4 net profit

Data Patterns (India) Ltd was actively pursuing new product development aligning with sectoral opportunities, a top company official has said.

Data Patterns actively pursuing new product development, says CMD

“The company has also made significant investments on human capital and infrastructure during the last year,” he said in a statement. For the year ending March 31, 2023, the profit after tax surged to Rs 123.99 crore from Rs 93.97 crore recorded last fiscal. Total income for the year ending March 3…

Data Patterns actively pursuing new product development

Data Patterns (India) Ltd, a Chennai-based electronics solution provider to the Defence and Aerospace sector, reported a 10 per cent decline in net profit to ₹55.34 crore for the fourth quarter ended March 31, 2023 as against ₹61.63 crore for the same period last year

Data Patterns reports 10% decline in PAT for Q4 FY23

TCS stock is hovering around a crucial support zone between ₹3,000-₹3,100; Target exit price is ₹4,850. Data Patterns (India) is a good buy with the stock consolidating between ₹1,550 and ₹1,750, and potential to rise to ₹1,870-1,880. The short-term outlook for VA Tech Wabag is bullish with support …

Stock Market Update: TCS, Data Patterns (India), and VA Tech Wabag - Analysis and Recommendations

The strong order backlog at Rs 1,014 crore as of January 2023, and healthy order pipeline provides strong revenue visibility

Data Patterns hits new high; stock rallies 28% over QIP issue price

The board has approved the allotment of 40.97 lakh shares through QIP at an issue price of Rs 1220.31 per share.

Data Patterns - Board Approves QIP Of Rs 500 Crore: ICICI Direct

Sona Comstar, Tube Investments, Data Patterns, Nalco, GAIL, Dhanlaxmi Fabrics, Varun Beverages, Lupin, Tata Chemicals, Surya Roshni, BL Kaashyap, Taylormade Renewables

Stocks that will see action on March 14, 2023

Data Patterns (India) rose 2.81% to Rs 1329.95 after the company launched a qualified institutional placement (QIP) of equity shares of face value Rs 2 each with the floor price of Rs 1,284.53 per share.

Data Patterns jumps on launching QIP issue

The floor price of Rs 1,284.53 apiece is a discount of 1.5 percent to Wednesday’s closing levels.

Data Patterns gains after floating QIP to raise Rs 450 crore

Macrotech Developers Ltd, Optiemus Infracom Ltd, JK Lakshmi Cement Ltd and Data Patterns (India) Ltd are among the other losers in the BSE’s ‘A’ group today, 06 March 2023.

Hinduja Global Solutions Ltd leads losers in ‘A’ group

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Data Patterns (India) Ltd is vertically integrated defence and aerospace electronics solutions provider. The Company manufactures electronic boards and systems. 