Data Patterns, Cochin Shipyard, Zen Technologies shares see profit booking after tearaway rally in last one month

Defence stocks

Data Patterns, Cochin Shipyard, Zen Technologies shares fell up to 3.6% after optimism over larger emphasis on defence post-Operation Sindoor, the military offensive, a retaliation on terror launch pads in Pakistan and PoK in response to the April 22 Pahalgam terror attack that left 26 persons dead.

On June 9, Data Patterns shares fell 3.4% to trade at Rs 2,942 apiece.

Data Patterns is a vertically integrated defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. The company's stock rose an impressive 33% in the past one month. The 52-week high of the stock is Rs 3,655 and 52-week low is Rs 1,351. The market capitalisation of the stock is Rs 16,600 crore.

Cochin Shipyard shares meanwhile fell over 3 percent to trade at Rs 2,319 apiece. The shares of the state-run shipbuilder gained a whopping 56 percent in the past one month, and is currently over 96 percent higher than the 52-week low of Rs 1,180 per share, which the stock had hit in February this year. Cochin Shipyard, a key player in the PSU shipbuilding and ship repair space, currently has a market capitalization of nearly Rs 61,014 crore.

Zen Technologies shares also fell over 3 percent to trade at Rs 2,015 apiece. The shares of the drone manufacturer have gained over 43 percent in the past one month, and have surged nearly 123 percent from their 52-week low of Rs 905 apiece which the stock had hit in June last year.

Paras Defence shares also witnessed a sharp decline, falling over 2 percent to trade at Rs 1,609 apiece in the afternoon. The stock has gained nearly 60 percent in 2025 so far. Mazagon Dock Shipbuilders, BEML, GRSE, DCX India and others were also trading in the red with marginal losses.

The sharp fall in the share prices pushed the Nifty Defence index into the red to hover around 8,910.30.