Defence Stock In A Sweet Spot To Capture Growth, Buy For TP Rs 2900: Motilal Oswal

Small cap defence player, Data Patterns (India) Ltd shares tumbled 15.92% in last 1-month after offering stunning returns of 107% in last 2-years. Data Patterns shares are likely to gain from defence import restrictions and DRDO partnerships. The company, engaged in aerospace and defence sector, has an order book of Rs 1200 crore. Brokerage firm Motilal Oswal recommended buy call with target price of Rs 2900 per share, indicating a rally of 24.52%. Last trading price of Data Patterns (India) Ltd shares on BSE stood at Rs 2328.95 per share with gain of 2.10% on October 4, 2024. The company has a market capitalisation of Rs 13,038.39 crore. Check details below:

Data Patterns Shares Performance: The 52-week high price of Data Patterns shares on BSE is Rs 3654.75 per share (as on 05/07/2024) and 52-week low price is Rs 1735.10 per share (as on 26/10/2023), respectively. Data Patterns shares slipped 26% in last 3-months, fell 13% in last 6-months, and gained 12% in last 1-year. In last 2-years, Data Patterns stock surged 107%.

Data Patterns Dividend In 2024: Earlier this year, the board had also recommended a final dividend of Rs 6.50 per share (325% per equity share of Rs 2 each). Data Patterns (India) shares traded ex-dividend on July 23, 2024

Data Patterns Dividend History: Data Patterns recommended 3 dividends since August 29, 2022. In last 1-year, Data Patterns (India) recommended an equity dividend amounting to Rs 6.50 per share. At the current share price of Rs 2328.95, Data Patterns (India) offers a dividend yield of 0.28%.

Data Pattern Shareholding: FII/FPI have increased holdings from 14.56% to 14.95% in June 2024 qtr. Number of FII/FPI investors increased from 110 to 118 in Jun 2024 quarter. Mutual Funds have decreased holdings from 9.34% to 6.14% in June 2024 quarter. Number of MF schemes increased from 17 to 18 in June 2024 quarter. Institutional Investors have decreased holdings from 26.14% to 23.47% in June 2024 quarter. Tata aia life insurance co ltd has 1.94% stake in Data Patterns.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.