Data Patterns (India) hits new record in post-earnings rally

Data Patterns (India)

21/08/2023 08:07

** Shares of Data Patterns (India) Ltd  DATP.NS  rise as
much as 9.1% to an all-time high of 2,355.85 rupees
    ** Stock has surged ~16% since the defense services firm
reported a higher quarterly profit on Aug. 8
    ** It hit a record high on Aug. 17 as well and has been
trading above its 50-, 100-, and 200-day moving avgs since March
31
    ** Relative strength index (RSI) above 70, indicating stock
is overbought
    ** Trading volume at ~595,200 shares, 2.4x the 30-day avg as
of 12:05 p.m. IST
    ** Stock has more than doubled in value so far this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))