Heavy buying: This multibagger aerospace and defence company soars to new heights with fresh 52-week high!

Shares of this company have gained more than 50 per cent in the last six months.

On June 16, 2023, shares of Data Patterns (India) Limited made a fresh 52-week high, gaining 4.24 per cent on Friday. Over the past month, the company’s shares have gained more than 7 per cent. On Friday, the stock opened at Rs 1800.00, with a high and low of Rs 1899.00 and Rs 1800.00. The stock closed trading at Rs 1870.35, showing a 4.24 per cent increase.      

The stock has also delivered multibagger returns to its shareholders, the company’s share price gaining from Rs 671.05 on June 17, 2022, to Rs 1876.00 on June 16, 2023, representing an increase of about 179 per cent. The stock has exhibited tremendous growth and has provided multibagger returns to its shareholders over a one-year holding period.    

Data Patterns (India) is a vertically integrated Defence and Aerospace electronics solutions provider, which caters to the indigenously developed defence products industry. The company’s major product groups consist of Radars, Underwater electronics, electronic warfare suite, BrahMos programme, Avionics, small satellites, and aerospace systems. Data Patterns is the only Indian company with design capabilities covering the entire spectrum of electronics, including processors, power, RF and microwave, embedded software and firmware. 

The company has more than Rs 1000 crore order book and it is already in a negotiation phase to get more than Rs 2000-2500 crore orders from Ministry of Defence tenders. The stock has shown tremendous growth, and investors should keep a close eye on this stock.