Defence means the defense sector is considered evergreen. This is such a sector, where demand always remains. Right now, when India is trying to be self-sufficient in defense, defense stocks have become more attractive than before. This has helped defense sector stocks to become multibugger. Today we are going to tell you about one such stock.
Multibagger made in one year
Data Patterns India Limited, a company related to the defense sector, is from that list, which Over the past few years, it has been tremendously successful in making money for its investors and has joined the list of multibagger stocks. The stock has given a whopping 175 per cent return in the last one year and has outperformed the multibagger stocks.
Continuous gains
After the close of trading on Thursday Its share price climbed 0.86 percent to Rs 2,070. Its price has increased by about 2 percent in the last 5 days. In the last one month, it has registered a gain of about 9 percent and in the last six months, it has registered a gain of about 71 percent. This year this stock has gone up around 85 percent so far. In this way, this stock has consistently proved to be a profitable deal for its investors.
The company is a leader in its sector
Data Patterns India Limited provides electronics solutions in the defense and aerospace sector. makes it happen. It is the top indigenous company in its sector. This is the reason why it is benefiting from initiatives like Make in India and Self-reliant India. The future prospects are also looking better from the leadership position of the company. Currently, the market capitalization of this company is Rs 11,640 crore. The money has been multiplied almost 3 times. In the last one year, when the BSE Sensex has gained about 23 per cent, it has jumped by about 175 per cent from the level of Rs 745. If an investor had invested Rs 1 lakh in its shares a year ago, today the value of his investment would have been Rs 2.75 lakh. Not much time has passed yet. Its listing was done on 24 December 2021. This stock has also proved to be great for the investors of its IPO. Its IPO was listed with a premium of around 47 per cent.
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