Stock Of The Day: Data Patterns, a key player in the defence electronics sector, is positioned for strong growth after a recent correction in stock price. The company benefits from India's import bans on 780 defence items, creating opportunities to fill supply gaps. With a robust order book of Rs 1000 crore, strong focus on radar, electronic warfare, and government initiatives like Make-1 and Make-2, Data Patterns anticipates securing projects worth Rs 2000-3000 crore in the next 3-4 years. Improved execution and rising EBITDA margins have driven 27% earnings growth. The company expects 20-25% revenue growth and additional Rs 1000 crore in orders for FY25.
first published: Oct 4, 2024 10:19 am
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