Data Patterns (India) falls on Q2 profit drop

Paras Defence and Space Technologies

11/11/2024 06:46

** Data Patterns (India)  DATP.NS  falls 5% to 2,207.25
rupees
    ** Aerospace electronics co reports 10% decline in Sept-qtr
profit to 302.8 mln rupees ($3.6 mln); rev from ops down 16%
    ** DATP set for third straight session of losses
    ** More than 404,000 shares traded in stock's busiest
session in more than a week
    ** Stock rated "buy" on avg; median PT is at 3,403 rupees -
LSEG
    ** DATP up ~19% YTD vs a ~43% rise in rival Paras Defence
and Space Technologies  PRAF.NS 

($1 = 84.3680 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))