HomeNewsBusinessMarketsThis defence stock is ripe for rerating as risk-reward ratio turns favourable

This defence stock is ripe for rerating as risk-reward ratio turns favourable

Data Patterns has jumped four-fold since its IPO in Dec 2021. In the last one month, the stock has corrected from around Rs 2,500 to Rs 2,029 apiece. It is now trading at 40 times its estimated fiscal 2025 earnings, which is reasonable.

October 16, 2023 / 12:33 IST

This defence stock is ripe for rerating as risk-reward ratio turns favourable

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More