Buy Data Patterns India, target price Rs 3250: IIFL Securities

IIFL Securities has issued a buy recommendation for Data Patterns India, setting a target price of Rs 3250. At the time of the recommendation, the current market price of the stock was Rs 3141.9. This suggests a potential upside of approximately 3%. The research firm believes that the company's strong order book and expected growth in the defense and aerospace sectors will drive future performance. Investors should note that this is only a recommendation, and actual market conditions may vary. It's always advisable to consult with a financial advisor before making any investment decisions.

About Data Patterns India:

Data Patterns India is a technology company listed on the National Stock Exchange (NSE) of India. Headquartered in Chennai, the company provides innovative solutions in the areas of data acquisition, management, and analysis. It designs, develops, manufactures, and supplies a range of products, including data acquisition systems, radio frequency (RF) systems, satellite communications systems, and embedded systems. Data Patterns serves various industries such as telecom, defense, aerospace, space research, and industrial automation. The company is known for its expertise in hardware design, software development, and system integration.

52 Week Price Trend:

Data Patterns India (NSE: DATAPATTNS) is currently trading at Rs 3141.9, within a 52-week range of Rs 2625 to Rs 1201.1. This represents a significant increase from its 52-week low and a modest appreciation from its 52-week high. The company's strong performance in recent quarters, driven by increased demand for its electronic products and services, has contributed to this share price growth. Investors may consider evaluating the company's financial performance, industry outlook, and overall market conditions before making investment decisions.

Stratzy's MOST Analysis:

Based on Stratzy's MOST framework, DATAPATTNS has received an AA rating, indicating a medium level of fundamental risk. This assessment is derived from the company's performance across four key pillars: Management, Outlook, Safety, and Trend. Each pillar is scored individually, and the overall rating represents the weighted average of these scores. The AA rating suggests that DATAPATTNS exhibits a balanced combination of strengths and weaknesses in these areas, with room for improvement but no significant red flags that would raise major concerns.

Company's Fundamentals:

Data Patterns India (NSE: DATAPATTNS) is currently trading at a Stock PE of 86.78, indicating that investors are willing to pay Rs. 86.78 for every Re. 1 of earnings. This suggests that the stock is relatively expensive compared to its earnings. The PB Ratio of 11.98 means that the stock's market price is 11.98 times its book value, implying that investors are paying a premium for the company's assets. However, the Dividend Yield of 0.17% is low, indicating that the company does not distribute a significant portion of its earnings as dividends.

Fundamental and Technical information provided in this blog were last updated on 17 May, 2024

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