Data Patterns trying to breakout and form a positive pattern. Data Patterns (India) Ltd. is among the few vertically integrated defense and aerospace electronics solutions providers catering to the indigenously developed defense product industry. It is one of the fastest-growing companies in the Defense and Aerospace Electronics sector in India. Data Patterns (India) Ltd CMP is 1978.55.
The Negative aspects of the company are High Valuation (P.E. = 74.7). Declining cash from operations and MFs decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, and improving annual net profit.
Entry can be taken after closing above 1996. Targets in the stock will be 2045 and 2115. The long-term target in the stock will be 2181 and 2253. Stop loss in the stock should be maintained at Closing below 1840.
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