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

Bank of India, Data Patterns (India) Ltd, Tata Teleservices (Maharashtra) Ltd and Adani Total Gas Ltd are among the other losers in the BSE’s ‘A’ group today, 21 February 2023.

Kiri Industries Ltd leads losers in ‘A’ group

Cipla Ltd, Adani Enterprises Ltd, Data Patterns (India) Ltd and TCNS Clothing Co. Ltd are among the other losers in the BSE’s ‘A’ group today, 20 February 2023.

Shilpa Medicare Ltd leads losers in ‘A’ group

Data Patterns (India) jumped 4.63% to Rs 1457.75, rising for the third straight session.

Data Patterns (India) jumps 26% in three days

We are looking at some approach where we can jointly build some systems, build IP together, says company’s CMD

Data Patterns working with SAAB for joint development of products for exports

Data Patterns India stock surged 18.71% to Rs 1378.55 against the previous close of Rs 1161.30 on BSE. Data Patterns shares have gained after two days of fall.

Data Patterns shares gain 19% after Q3 profit rises three-fold

Data Patterns Standalone December 2022 Net Sales at Rs 111.81 crore, up 155.04% Y-o-Y

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

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. 