India's Data Patterns rises after Q3 profit jump

Data Patterns (India)

01/02/2024 05:43

** Shares of Data Patterns India  DATP.NS  trims some gains
to trade 3.9% higher; up as much as 7.6% during the session 
    ** Defence and aerospace solutions firm's Dec-qtr profit
jumped nearly 53% y-o-y, with cost of raw materials down 8.4%; 
revenue up 24.8%
    ** At session high, stock logged biggest intraday pct gain
since Aug 2023 
    ** More than 281,000 shares trade, 1.8x 30-day average
volume 
    ** Stock up 6.7% YTD after a 70% rise in 2023, its biggest 
gain since listing in 2021

    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))