Stocks to Buy: Market expert Sandeep Jain has recommended Data Patterns (India) Ltd as a buy for investors looking for a high-potential defence sector stock. Jain said the company, which designs and manufactures electronic systems for defence and aerospace programmes, can deliver gains in the short and long term.
Data Patterns Share Price and Target for Investors
According to Jain, the Data Patterns share price around Rs 2,635 offers an attractive entry point, with a target price of Rs 3,050. The stock is currently trading near its 200-day moving average, a key technical support level watched by traders.
Strong Fundamentals of Data Patterns (India) Ltd
The expert highlighted the company’s fundamentals: combined foreign and domestic institutional shareholding of about 21–22 per cent, profit growth of roughly 60 per cent and sales growth of around 31–32 per cent over the past five years. “Defence is seeing powerful growth right now and Data Patterns stands to benefit,” Jain said.
Why Sandeep Jain Prefers This Defence Sector Stock
Founded in 1998, Data Patterns has large infrastructure and a steady pipeline of orders from public sector undertakings, even though it is itself not a PSU. Jain believes the stock can be added to portfolios both for short-term momentum and for long-term growth.
