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Company updateMoneycontrol

Buy Data Patterns; target of Rs 4810: Choice Institutional Equities

Positive+15

GreyOak summary

Choice Institutional Equities upgraded Data Patterns to a BUY rating with a target price of Rs 4,810. The firm reported weak Q2 results with revenue declining 56.7% YoY, though revenue improved 14.8% QoQ. The upgrade reflects positive medium-term growth prospects supported by a strong order book of INR 2,680 Cr.

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