DATAPATTNS

** Shares of aerospace electronics company Data Patterns (India) DATP.NS close 4.8% higher at 1,663.1 rupees

** More than 12.8 mln shares traded, 9.6x their 30-day moving average

** Shares changed hands most since December 24, 2021 — DATP's first day of listing

** Reuters could not immediately ascertain the reason behind the move

** Average rating of five analysts covering the stock is "buy" and median PT is 2,500 rupees, ~50% higher than its current price - data compiled by LSEG

** Shares rose 32.8% in 2024

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

** Multiple growth levers, push for localization, robust order books make India's defence sector attractive for investors, say Philip Capital and Nuvama Institutional Equities

** Philip Capital maintains positive outlook on country's defence sector; Bharat Electronics BAJE.NS, Hindustan Aeronautics HIAE.NS and Data Patterns DATP.NS are its preferred picks

** BAJE and HIAE down 0.6% and 0.2%, respectively, DATP up 0.7%

** Philip Capital sees 34% upside in BAJE, 31% in HIAE and 32% upside in DATP

** Nuvama says optimistic about India's defence sector on localisation push to reduce import dependence and continued modernisation efforts

** Expect $130 billion in defence spending in next five years in India - Nuvama

** Brokerage also selects BAJE and DATP as top picks

** BAJE up 59% YTD, HIAE gains 50%, while DATP advances 33.5% YTD

(Reporting by Nishit Navin)

(([email protected];))

** Indian defence stocks rise between 1.3% and 4%

** The Defence Acquisition Council approves five proposals worth 217.72 bln rupees ($2.57 bln) to enhance operational capabilities of the armed forces

** Data Patterns Ltd DATP.NS leads pack with 4% gain; state-owned Hindustan Aeronautics Ltd HIAE.NS and Bharat Electronics Ltd BAJE.NS rise 1.3% and 1.6% respectively

** Mazagon Dock Shipbuilders Ltd MAZG.NS, Bharat Dynamics Ltd BARA.NS, Ideaforge Technology Ltd IDEF.NS, Paras Defence and Space Technologies Ltd PRAF.NS up between 1.9% and 3.1%

** Analysts tracking stocks rate most at "buy" or higher; PRAF rated "sell" and MAZG at "hold" - LSEG data

** MAZG leads pack with YTD gains of 110%

($1 = 84.6700 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Data Patterns (India) DATP.NS falls 5% to 2,207.25 rupees

** Aerospace electronics co reports 10% decline in Sept-qtr profit to 302.8 mln rupees ($3.6 mln); rev from ops down 16%

** DATP set for third straight session of losses

** More than 404,000 shares traded in stock's busiest session in more than a week

** Stock rated "buy" on avg; median PT is at 3,403 rupees - LSEG

** DATP up ~19% YTD vs a ~43% rise in rival Paras Defence and Space Technologies PRAF.NS

($1 = 84.3680 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

July 29 (Reuters) - Data Patterns (India) Ltd DATP.NS:

• DATA PATTERNS (INDIA) JUNE-QUARTER PROFIT 327.9 MILLION RUPEES

• DATA PATTERNS (INDIA) JUNE-QUARTER REVENUE FROM OPERATIONS 1.04 BILLION RUPEES

Source text for Eikon: ID:nNSE2M13LL

Further company coverage: DATP.NS

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** Shares of Data Patterns (India) DATP.NS up 5.8% at 3,389.55 rupees

** Co got project to make parts for radar systems from R&D wing of India's defence ministry

** Stock set to snap three-day losing streak, if trend holds

** Stock among top pct gainers on Nifty small-cap index .NIFSMCP100, which is up 0.5%

** Rival radar systems parts-maker Paras Defence and Space Technologies PRAF.NS up 2.1% on the day

** DATP's ~83% YTD climb outpaces small-cap index's ~25% rise; PRAF up ~105%

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Shares of Data Patterns (India) DATP.NS up 8% at 2,954 rupees, after rising as much as 8.5% earlier

** Reuters could not immediately ascertain the reason behind day's move

** DATP heads for the seventh consecutive session of gains, set to snap three straight weeks of losses, if trend holds

** DATP among top gainers on the Nifty small-cap index .NIFSMCP100, which hit record high during the session

** The gauge, up 0.8%, is eyeing eighth straight session of gains

** Trading vols 2.5x 30-day avg

** YTD stock has jumped 59% vs 19.3% rise in NIFSMCP100

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Data Patterns (India) DATP.NS up as much as 11.1% to hit record 3,208.95 rupees, last up ~7%

** Reuters immediately could not ascertain reason behind day's move

** Trading vols 4.3x 30-day avg, stock sees busiest day in eight sessions

** Five analysts' avg rating on warfare maker is "Buy", median TP is 2,133 rupees - LSEG data

** YTD, stock has risen ~66% after a nearly 70% jump in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Hindustan Aeronautics Ltd (HAL) HIAE.NS rise 3.2% to a record 3,677.55 rupees; last up 2.4%

** India's Defence Ministry issues tender worth 650 bln rupees ($7.80 bln) to HAL for buying 97 LCA Mark 1A fighter jets - report

** HAL did not immediately reply to Reuters' request for comment

** Stock has been trading above its 200-day moving avg since Feb. 2022

** Volumes at over 2 mln shares - 1.1x 30-day avg

** Avg recommendation on stock is a "buy", the median PT is 3,225 rupees - a ~10% discount on last close - LSEG data

** Peers Data Patterns (India) DATP.NS, Bharat Electronics BAJE.NS are also rated "buy"

** Including session's gains, stock up 30% so far this year

($1 = 83.3650 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Data Patterns DATP.NS rise 5.3%, Bharat Electronics BAJE.NS up 4.5% while Hindustan Aeronautics HIAE.NS gains 0.7%

** Doubling of domestic defence spend between FY 2024 and FY 2030 to continue to aid cos, analysts at Jefferies say

** Expect defence exports to rise 21% to $7 bln by FY30, in line with the government target - Jefferies

** Brokerage expects Data Patterns to see five-fold growth in revenue over FY24-30 as export pipeline benefits co

** DATP top gainer on Nifty Smallcap 100 Index .NIFSMCP100

** Jefferies initiates coverage on HIAE and DATP with "buy", reiterates "buy" on BAJE

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of Data Patterns (India) Ltd DATP.NS rise as much as 7.9% to a record high of 2,549.3 rupees

** The aerospace electronics firm's stock rises for a third straight day after India eased entry for foreign direct investment in space sector late Wednesday

** Including session's gains, stock has jumped ~22% over last three days

** Around 1.75 mln shares traded, 5x 30-day avg volume

** DATP stock up around 35% so far this year

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

BENGALURU, Feb 19 (Reuters) - ** Shares of Data Patterns DATP.NS rise 5.9% to 2,138.45 rupees

** Government of Singapore, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund and Mathrew Cyriac buy 5.62%, 0.81%, 1.27% and 1.22% stake, respectively, in the Defense and aerospace electronics company, via bulk deals at a price of 1,837 rupees per share, on Friday

** Private equity investment firm Florintree Capital Partners, which held a 10.71% stake at the end of December quarter, exits the company offloading its entire stake

** DATP shares have jumped 15% in 2024 so far

** Trading volume is at 652,216 shares as of 10:50 a.m. IST, second most active session in five months - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Data Patterns India DATP.NS trims some gains to trade 3.9% higher; up as much as 7.6% during the session

** Defence and aerospace solutions firm's Dec-qtr profit jumped nearly 53% y-o-y, with cost of raw materials down 8.4%; revenue up 24.8%

** At session high, stock logged biggest intraday pct gain since Aug 2023

** More than 281,000 shares trade, 1.8x 30-day average volume

** Stock up 6.7% YTD after a 70% rise in 2023, its biggest gain since listing in 2021

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

** Shares of Indian defence companies rise between 1%-6% on a report that the govt is set to clear three projects worth 1.4 trillion rupees ($16.8 bln)

** The projects are to make figher jets, aircraft carriers and helicopters, the Times of India reports

** State-owned Hindustan Aeronautics Ltd (HAL) HIAE.NS increases nearly 5% to a fresh record high

** Bharat Dynamics BARA.NS, which makes guided missile systems, rises ~4%

** Bharat Forge BFRG.NS, which makes artillery guns, armoured and protective vehicles, gains about 2%

** Data Patterns DATP.NS, which makes defence and aero electronic systems, jumps nearly 6%, the most in 3 months

** Mazagon Dock Shipbuilders MAZG.NS up 1.6%

($1 = 83.2440 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of Data Patterns India DATP.NS rise as much as 5.90% to 2,031.35 rupees

** Defense and aerospace electronics company posts 60.5% year-on-year rise in net profit in September quarter at 337.9 mln rupees ($4.06 million)

** Revenue from operations rise ~23% to 1.08 bln rupees

** Order book has risen above 10 bln rupees at the end of September quarter, from 9.24 bln rupees as of April 1, 2023

** Trading volume is 289,917 shares as of 12:27 p.m. IST, nearly thrice the 30-day avg - LSEG data

** Including today's gains, DATP up 81% in 2023 so far

($1 = 83.2000 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Data Patterns DATP.NS rise as much as 6.4% to 2,122 rupees, their biggest intraday pct gain since Aug 31

** The aerospace and defense co said it inks strategic transfer of technology agreement with IN-SPACe

** More than 168,090 shares change hands vs 0.6x its 30-day avg

** Analysts covering the stock on average have a "buy" rating; median PT is 1,769.5 rupees - LSEG data

** Data Patterns stock up 88% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** India's domestic electronics industry is at an inflection point, says domestic brokerage Motilal Oswal and initiates coverage on five companies

** Motilal assigns "buy" to Kaynes Technologies KAYN.NS, Avalon Technologies AVAL.NS, Syrma SGS Technology SYRM.NS, Cyient DLM CYIT.NS and "neutral" to Data Patterns DATP.NS

** Adds electronics market evolving rapidly with the onset of electric vehicles (EVs), clearn energy, artificial intelligence and Internet of Things

** India's EMS industry's growth to be led by easy availability of low-cost labour and indigenization of raw materials - Motilal Oswal

** Believes EMS to be a sunrise sector in India propelled by government's PLI support to electronics ecosystem, China + 1 shift

** Shares of KAYN, AVAL, SYRM and CYIT, up between 0.2% and 1%; DATP down 2%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

Sept 20 (Reuters) - Data Patterns (India) Ltd DATP.NS:

• CLARIFICATION TO FALSE NEWS PUBLISHED BY NEWS 18 – TAMILNADU ABOUT COMPANY

• CONFIRMS THAT SAID NEWS IS FALSE, NO SUCH EVENT OR INCIDENT TOOK PLACE AT PREMISES OF CO

• NEWS 18 – TAMILNADU HAVE REMOVED THE SAID NEWS

Further company coverage: DATP.NS

(([email protected];))

** Shares of Data Patterns (India) Ltd DATP.NS rise as much as 9.1% to an all-time high of 2,355.85 rupees

** Stock has surged ~16% since the defense services firm reported a higher quarterly profit on Aug. 8

** It hit a record high on Aug. 17 as well and has been trading above its 50-, 100-, and 200-day moving avgs since March 31

** Relative strength index (RSI) above 70, indicating stock is overbought

** Trading volume at ~595,200 shares, 2.4x the 30-day avg as of 12:05 p.m. IST

** Stock has more than doubled in value so far this year

(Reporting by Biplob Kumar Das in Bengaluru)

(([email protected]))

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Updates to add chart.

By Pranav Kiran

BENGALURU, July 11 (Reuters Breakingviews) - Defence stocks in India may scale new heights. Drone maker ideaForge Technology’s IDEF.NS shares have nearly doubled from their initial public offering price since their Mumbai debut on Friday. It’s a sign that investors are betting big on New Delhi’s military spending hike.

Founded in 2007, ideaForge claimed more than 50% of India’s drone market last year. It’s a nascent market, at $43 million in sales, per consulting firm 1Lattice. But that figure is expected to increase 20-fold by 2027, thanks to New Delhi’s ambitions to modernise its military. The country is forecast to spend $130 billion on defence by 2029, according to Defence Minister Rajnath Singh. That puts ideaForge in a sweet spot: its biggest customer is the Indian government, which accounted for about 70% of its top line last year.

The country increased overall defence spending by 13% in its February budget. It has long had tense relations – and occasional border skirmishes – with neighbours China and Pakistan. All three of them possess nuclear weapons. And India is the world’s largest importer of arms, so the government is moving to reduce its reliance on overseas shipments: in 2020, it liberalised foreign direct investments in the defence sector as part of an attempt to have firms like Lockheed Martin LMT.N manufacture locally. Last February, the country banned drone imports, effectively blocking products made by China’s DJI. Such policies, plus generous government subsidies, are handing a huge windfall to homegrown manufacturers like ideaForge.

Little wonder investors have piled into the drone-maker and peers. Demand for ideaForge’s IPO exceeded 100 times the shares on offer, IFR reports; as of Monday, the company, backed by heavyweights including the $129 billion Qualcomm QCOM.O and local IT giant Infosys INFY.NS, boasted an equity valuation of $586 million, or an eye-watering 151 times its earnings for the last fiscal year. That’s well above compatriots like MTAR Technologies MTAR.NS and Data Patterns DATP.NS, which trade on 47 and 57 times respectively. In the first half of the year, a National Stock Exchange index tracking defence stocks has returned 24.16% to shareholders, easily beating the 6.58% from the broader Nifty 50 Index over the same period.

India’s defence companies are just starting to take off.

Follow @PranavKiranBV on Twitter

CONTEXT NEWS

Drone maker ideaForge Technology’s Mumbai shares closed down 10.2% to 1162.40 rupees on July 10 after rising 93% from their initial public offering price on their first-day trading on July 7.

The company issued 2.4 billion rupees ($29 million) worth of primary shares while existing investors sold an additional 3.3 billion rupees worth of secondary shares.

In the fiscal year to March 2023, ideaForge’s earnings were 320 million rupees, and 597 million rupees after excluding share-based compensation.

(Editing by Robyn Mak and Thomas Shum)

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