This small cap multibagger stock hit new 52 week high!
Aerospace electronic solution company is trending on Dalal Street, catching eye of investors.
Today, shares of Data Patterns (India) Ltd have hit a fresh 52-week high at Rs 1818.50, and it has a 52-week low of Rs 608. The company has given a multibagger return of 141 per cent over the past one year.
Data Patterns is a vertically integrated defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry. The company has proven in-house design and development capabilities and experience of more than three decades in the defence and aerospace electronics space.
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Net sales for the fourth quarter, which ended on March 31, 2023, grew from Rs 173.07 crore to Rs 188.91 crore, compared to the same period the previous year. The firm reported this on May 13, 2023. The company's overall net profit decreased to Rs 72.14 crore in Q4FY23 from Rs 84.57 crore in Q4FY22. As of March 31, 2023, the company reported having a solid order book at Rs 924 crore.
The company reported an increase in net profit of 31.96 per cent for the fiscal year that ended on March 31, 2023, from Rs 93.97 crore to Rs 124 crore. In the year ended March 31, 2022, the company's net sales climbed by 46.97 per cent, from Rs 314.81 crore to Rs 462.67 crore.
In the last trading session, the scrip closed at Rs 1768.40. Today, it opened at Rs 1768.10 and closed around Rs 1798.80, up by 1.72 per cent. So far, 33,867 shares were traded over the counter at BSE. The company has a market cap of around Rs 10,050 crore.