Buy Data Patterns; target of Rs 4810: Choice Institutional Equities
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Choice Institutional Equities upgraded Data Patterns to a buy rating with a target price of Rs 4,810.
- ✓Although Q2 performance fell, the firm expects growth from a strong order book of Rs 2,680 Cr.
- ✓The company is moving up the value chain by developing complete indigenous defence solutions for customers.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Choice Institutional Equities's report on Data Patterns Q2 performance remained weak and materially below our estimates, with Revenue/EBITDA/PAT declining 56.7%/54.2%/55.6% YoY, respectively. While the high base of Q2FY26 partly explains the decline, revenue improved 14.8% QoQ. EBITDAM stood at 23.5%, contracting 350 bps QoQ, reflecting the uneven execution of large defence programmes. We believe Data Patterns is gradually moving up the value chain, from supplying subsystems to developing complete indigenous defence solutions. This transition could expand its addressable market and strengthen its positioning in larger defence programmes.
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This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.