The Indian rupee fell past the 96-per-dollar mark during intra-day trade on Tuesday, hitting a two-month low as higher crude prices triggered worries in energy markets.
Foreign investors accounted for around 59 per cent of total inflows during the quarter, while institutional investors contributed about 79 per cent, according to CBRE
Data Patterns (India) received an order worth about ₹585.76 crore from state-owned company Bharat Electronic (BEL) for procurement of Radar Electronics.
The defence stock was in focus on reports that Data Patterns secured the L1 position for an order worth ₹1,300 crore from HAL for Buffer amplifier and BITE (Built-In Test Equipment) modules.
Data Patterns believes the defence industry is entering a multi-decade investment cycle driven by rising geopolitical uncertainties, accelerated modernization programs and focus on self-reliance.
At 11:29 AM on Friday, the BSE India Defence index was the top gainer among thematic indices up 1 per cent as compared to 0.11 per cent rise in the BSE Sensex.
Data Patterns shares fell up to 11% after the defence company guided for lower FY27 Ebitda margins despite reporting strong Q4 profit growth and a record order book
With strong policy environment, rising defence allocations, increasing indigenization and a clear shift towards advanced electronics and systems, Data Patterns is well-positioned to benefit.
The brokerage in its note highlighted that the global defence sector has entered a structurally elevated growth phase, driven by persistent geopolitical conflicts
The significance of these figures becomes even more striking when viewed against the backdrop of numerous methodological changes and use of new data sources in the base revision exercise
Goldman Sachs highlighted three major tailwinds for the sector, including an 18 per cent Y-o-Y increase in capital procurement in the Union defence budget for FY27, and the proposed India-EU FTA
