India's Data Patterns surges after sharp rise in Q3 earnings

Data Patterns (India)

30/01/2023 06:35

(Repeats with no changes to text)
    ** Shares of Data Patterns  DATP.NS  rise as much as 18.53%
to 1,379 rupees, their biggest intraday gain ever
    ** The defence and aerospace electronics solutions provider
reported a higher Q3 net profit and revenue, while core profit
margins expanded to 42.07% from 35.56%
    ** The co said its order book stands at 8.90 bln rupees and
that it is well positioned to benefit from sectoral tailwinds,
esp with the commencement of new manufacturing facility in Q4
    ** Stock's trading volume was already 7.2x of the 30-day
avg, as of 11:58 a.m. IST
    ** All three analysts tracking the company maintain "buy";
median TP is 1,500 rupees - Refinitiv data
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))