Sunday, September 6, 2026

Stocks To Buy: Jefferies sees 40% upside for this defence stock despite Q1 results miss

Date:

Shares of Data Patterns (India) Ltd. gained 6.5% on Monday, August 11, as brokerage firm Jefferies projected a 40% upside on the stock post its first quarter earnings.Jefferies has a “buy” rating on the stock with a price target of ₹3,400 per share.

It said Data Patterns’ first quarter sales were a big miss compared to their expectations, which the management highlighted was primarily due to revenue deferment of ₹270 crore, which is expected to come in during the second quarter.

Despite the deferment in revenue, the growth guidance for financial year 2026 was maintained at 20% to 25%, by the company.
The first quarter order flow is up 4.8 times from the previous year at ₹180 crore and orders worth ₹320 crore have been received so far in financial year 2026.Jefferies believes that in-house technology in a growing defence should reflect in the topline and bottomline tripling between financial year 2026-2030.

Of the 12 analysts that have coverage on the stock, 10 have a “buy” rating and one each have “hold” and “sell” ratings.

Shares of Data Patterns increased 6.5% to hit an intraday high of ₹2,585.7 apiece on Monday. The stock was up 3.8% at ₹2,520.2 apiece at 1.40 pm. The stock has declined 11.9% in the past month.

Also Read: PG Electroplast shares fall 17% after equity worth ₹526 crore changes hands

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