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HomeMarket NewsData Patterns shares in focus as major investor pares stake post run-up
Brokerage firm Nuvama has called Data Patterns its top pick within the defence space and has also given it the highest price target on the street at ₹3,700, which implies a potential upside of nearly 60% from current levels.
Shares of Data Patterns Ltd. will be in focus on Thursday, May 22, after a key investor pared some stake in the company post the recent run-up.
According to data available, the Government of Singapore sold 2.85 lakh shares of Data Patterns in the open market on Wednesday. The shares were sold at an average price of ₹2,728.56 per share, taking the total deal value to ₹78 crore.
Based on the number of shares sold, Government of Singapore sold 0.5% of the company's outstanding equity.
As of the March quarter shareholding pattern, Government of Singapore had a 5.3% stake in Data Patterns.
Data Patterns was among the outperformers during Wednesday's trading session, as defence stocks attempted a recovery after a bout of profit booking earlier in the week.
The company is aiming for order inflow to pick-up in financial year 2026 after missing its guidance in the year gone by.
Brokerage firm Nuvama has called Data Patterns its top pick within the defence space and has also given it the highest price target on the street at ₹3,700, which implies a potential upside of nearly 60% from current levels.
Out of the 12 analysts that have coverage on Data Patterns, 11 of them continue to maintain a "buy" recommendation on the stock, while one has a "hold" rating.
Shares of Data Patterns had ended 4.3% higher on Wednesday, at ₹2,754. The stock has risen 30% in the last one month.
