Latest news with #DataPatterns
Mint
3 days ago
- Business
- Mint
NATO defence budget hike: HAL, BEL, BDL, Paras Defence, Ideaforge, others to benefit. How many of these you own?
Defence stocks rallied on Thursday buoyed by expectations of increased export orders after NATO leaders pledged to scale up defence spending. Data Patterns (India), Astra Microwave Products, Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Zen Technologies, among other defence stocks rallied up to 4%. The upbeat sentiment in defence stocks lifted the Nifty India Defence index by nearly 1.5%, with most of its constituents trading in the green. The surge in sentiment follows the North Atlantic Treaty Organisation (NATO) leaders' declaration at the Hague Summit, where member states reaffirmed their 'ironclad commitment' to collective defence. They pledged to invest up to 5% of their GDP annually in defence and security-related sectors by 2035. This includes a minimum of 3.5% allocated to core defence capabilities and up to 1.5% for the protection of critical infrastructure. Analysts believe the development could open up significant export opportunities for Indian defence manufacturers. 'If NATO members indeed raise defence spending to 5% of GDP—a substantial increase from current levels—it could significantly reshape global defence procurement dynamics. For India, which is rapidly expanding its defence manufacturing and exports, this shift presents both commercial opportunities and strategic implications,' said Prashanth Tapse, Research Analyst at Mehta Equities Ltd. 'India, with its lower production costs and improving indigenous capabilities, could emerge as an attractive secondary supplier for NATO countries,' he added. Echoing similar views, Krishna Doshi, Research Analyst at Ashika Institutional Equities, said the move opens up substantial export opportunities for Indian defence companies. 'Indian firms already supply a wide range of products including arms, ammunition, fuses, complete weapon systems like the BrahMos supersonic cruise missile, artillery guns, Dornier-228 aircraft, radars, Akash air defence systems, Pinaka rockets, armoured vehicles, as well as protective equipment and uniforms.' Among NATO's 32 member nations, the United States and France are already significant markets for Indian defence exports, she noted. 'Moreover, the Indian government's policy push to promote indigenous defence systems and its ambitious goal of achieving ₹ 50,000 crore in defence exports by FY29 further strengthens the sector's outlook,' Doshi said. Bhavika Joshi, Business Head, INVasset PMS believes that as Western OEMs face capacity constraints, India's defence industry is emerging as a credible and cost-effective partner to plug these gaps. 'From radars and electronics to artillery and ammunition, Indian companies are now part of global defence supply chains. Bharat Forge recently exported 100 155 mm artillery guns to a European country and signed an LOI to supply howitzers to the US Army — milestones that mark India's entry into NATO-aligned heavy weapons markets,' said Joshi. BEL, through its JV with Thales, is supplying components for Rafale radars used in Europe, while Solar Industries is reportedly in talks to supply Pinaka rockets to France amidst ammunition shortages, Joshi added. Tapse identified potential beneficiaries among Indian defence stocks, including Bharat Electronics (BEL) — which specialises in radar systems, communications, and electronic warfare — along with HAL, Bharat Dynamics (BDL), and Data Patterns (India), a niche player in defence electronics and embedded systems. Doshi pointed to Data Patterns India, Zen Technologies, Paras Defence & Space Technologies, Astra Microwave Products, Ideaforge Technology, HAL, BEL and Bharat Dynamics as key stocks that may benefit from the rising global defence expenditure. 'Further, given the prevailing geopolitical tensions, increased defence spending, and the government's emphasis on indigenization and exports, the overall outlook on the defence sector remains positive,' she said. According to Joshi, what's unfolding is a medium-term export supercycle for Indian defence firms—across public and private sectors, and across market caps. 'HAL, BEL, BDL, and Mishra Dhatu Nigam are backed by government credibility and global tie-ups, while private players like Bharat Forge, Solar, Data Patterns, and Dynamatic are showing product readiness and delivery capacity. Many already supply to NATO-aligned primes like Boeing, Airbus, and Lockheed Martin,' Joshi said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
3 days ago
- Business
- Economic Times
Sika Interplant, Data Patterns, and other defence stocks jump up to 5%. Here's why
Defence stocks like Sika Interplant Systems, Data Patterns, BEL and BEML rose up to 5% on Thursday morning after NATO allies agreed to hike defence spending. The move is being seen as a big export opportunity for Indian defence firms. ADVERTISEMENT In a five-point statement issued on Wednesday, NATO leaders backed the big increase in defence spending that US President Donald Trump had demanded, and restated their commitment to defend each other from attack after a brief summit in the Netherlands. The new spending target - to be achieved over the next 10 years - is a jump worth hundreds of billions of dollars a year from the current goal of 2% of GDP, although it will be measured differently. Also Read | NATO allies agree to hike defence spending, reaffirm collective defenceCountries pledged to spend 3.5% of GDP on core defence - such as troops and weapons - and 1.5% on broader defence-related measures such as cyber security, protecting pipelines and adapting roads and bridges to handle heavy military the day, Sika was top gainer in the defence pack and rallied up to 5%, followed by 2-3% upsides seen in Data Patterns, Paras Defence, BEL and BEML. ADVERTISEMENT Ashika Institutional Equities said NATO's announcement is positive for Data Patterns, Zen Technologies, Paras Defence & Space Technologies, Astra Microwave, Ideaforge Ltd, HAL, BEL and BDL. "This development opens up substantial export opportunities for Indian defence companies, which already supply a diverse portfolio of products including arms, ammunition, fuses, complete weapon systems such as the BrahMos supersonic cruise missile, artillery guns, Dornier-228 aircraft, radars, Akash air defence systems, Pinaka rockets, armoured vehicles, as well as protective equipment and uniforms," it said. ADVERTISEMENT Further, given the prevailing geopolitical tensions, increased defence spending, and the government's emphasis on indigenization and exports, the overall outlook on the defence sector remains positive, the brokerage said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Sika Interplant, Data Patterns, and other defence stocks jump up to 5%. Here's why
Defence stocks like Sika Interplant Systems, Data Patterns , BEL and BEML rose up to 5% on Thursday morning after NATO allies agreed to hike defence spending. The move is being seen as a big export opportunity for Indian defence firms. In a five-point statement issued on Wednesday, NATO leaders backed the big increase in defence spending that US President Donald Trump had demanded, and restated their commitment to defend each other from attack after a brief summit in the Netherlands. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo The new spending target - to be achieved over the next 10 years - is a jump worth hundreds of billions of dollars a year from the current goal of 2% of GDP, although it will be measured differently. Also Read | NATO allies agree to hike defence spending, reaffirm collective defence Countries pledged to spend 3.5% of GDP on core defence - such as troops and weapons - and 1.5% on broader defence-related measures such as cyber security, protecting pipelines and adapting roads and bridges to handle heavy military vehicles. Live Events During the day, Sika was top gainer in the defence pack and rallied up to 5%, followed by 2-3% upsides seen in Data Patterns, Paras Defence, BEL and BEML. Ashika Institutional Equities said NATO's announcement is positive for Data Patterns, Zen Technologies , Paras Defence & Space Technologies, Astra Microwave , Ideaforge Ltd, HAL , BEL and BDL. "This development opens up substantial export opportunities for Indian defence companies , which already supply a diverse portfolio of products including arms, ammunition, fuses, complete weapon systems such as the BrahMos supersonic cruise missile, artillery guns, Dornier-228 aircraft, radars, Akash air defence systems, Pinaka rockets, armoured vehicles, as well as protective equipment and uniforms," it said. Further, given the prevailing geopolitical tensions, increased defence spending, and the government's emphasis on indigenization and exports, the overall outlook on the defence sector remains positive, the brokerage said. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
19-06-2025
- Business
- Business Standard
Data Patterns share price rises 4% in flat market; what's boosting rally?
Data Patterns share price advanced 3.6 per cent in trade on Thursday, June 19, 2025, logging an intraday high at ₹3,115.40 per share on BSE. At 10:03 AM, Data Patterns shares were trading 3.14 per cent higher at ₹3,099.45 per share on the BSE. In comparison, the BSE Sensex was up 0.06 per cent at 81,491.16. The company's market capitalisation stood at ₹17,351.95 crore. Its 52-week high was at ₹3,654.75 per share and 52-week low was at ₹1,350.5 per share. Why are Data Patterns shares rising in a flat market? The rally in Data Patterns shares came after the company, post-market hours on Wednesday, informed that credit rating agency Crisil has upgraded its long-term bank facilities worth ₹775 crore rating to "A+" with a "stable" outlook which was earlier "A" with a "positive" outlook. However, Crisil reaffirmed an "A1" rating on short-term bank loans. Crisil's "A+/Stable" rating signifies that a company or financial institution has been assessed as having a strong ability to meet its financial obligations. A+ rating indicates that the company or entity has a strong capacity to meet its debt obligations and is considered relatively low risk from a credit perspective. "Stable" outlook means that Crisil expects the company to maintain its current credit profile in the near future, without significant changes. In Q4FY24, Data Patterns profit climbed 60.5 per cent year-on-year (Y-o-Y) to ₹114.1 crore, from ₹71.1 crore in Q4FY25. The revenue from operations, or topline, zoomed 117.3 per cent Y-o-Y to ₹396.2 crore in the March quarter of FY25, from ₹182.3 crore in the March quarter of FY24. About Data Patterns Data Patterns engages in the design and development of electronic hardware, software, firmware, mechanical systems, and product prototypes, along with testing, validation, and verification services. The company's expertise spans a wide range of defence and aerospace technologies, including radars, electronic warfare systems, communications, avionics, small satellites, automated test equipment, and COTS solutions. Data Patterns is actively involved in key defence programs such as the Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos missile, and various communication and electronic intelligence systems. It collaborates closely with major defence PSUs like Hindustan Aeronautics Ltd (HAL) and Bharat Electronics Ltd (BEL), as well as key government agencies such as DRDO and ISRO involved in defence and space research.
Time of India
17-06-2025
- Business
- Time of India
Defence stocks jump up to 3% amid rising Iran-Israel tensions, defence budget boost hopes
Defence stocks rallied up to 3% on Tuesday, in intraday trade amid rising geopolitical tensions between Iran and Israel, coupled with the hopes of an increased defence budget by the government. The heightened global uncertainty appears to have renewed investor interest in India's defence and aerospace segment, with several key stocks touching fresh day highs. Among the gainers, Data Patterns (India) shares surged the most, rising 3% to hit a high of Rs 3,049.50. It was followed by Bharat Dynamics Ltd (BDL) shares, which climbed 2.8% to touch Rs 1,940.70. BEML shares also witnessed strong momentum, gaining 2.2% to reach Rs 4,473.00. Meanwhile, Hindustan Aeronautics Ltd (HAL) shares rose 1.6% intraday, hitting Rs 5,130.50. The rise in these stocks may be attributed to the war tensions in the Middle East between Iran and Israel, as investors see potential in the sector along with an expectation of enhanced defence spending by the Indian government. Commenting on the recent spike in defence counters, Sankhanath Bandyopadhyay, Economist at Infomerics Valuation and Ratings, also said, 'Defence stocks look promising due to the ongoing geopolitical tussle between Iran and Israel. Moreover, the Indian government is likely to enhance defence spending from the current 2% of GDP to 3–4% over the next decade.' He added that with the government targeting Rs 25,000 crore in defence exports by 2025–26, the outlook for export-driven defence stocks remains strong. Also read: Nifty Internet index outperforms peers with 19% returns since Feb launch. Is the dotcom boom here to stay? 'In the current scenario, geopolitical tensions will likely be lingering between different countries, especially as being reflected in rising tensions in the Middle East. Investors should carefully assess the financials and outlook of such stocks before investing, and there should be a judicious mix so that a healthy dividend can also be earned,' he advised.
