Data Patterns soars on inking strategic agreement with IN-SPACe
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Data Patterns (India) is currently trading at Rs. 2086.25, up by 91.10 points or 4.57% from its previous closing of Rs. 1995.15 on the BSE.
The scrip opened at Rs. 2005.45 and has touched a high and low of Rs. 2098.25 and Rs. 2005.45 respectively. So far 3917 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2484.00 on 01-Sep-2023 and a 52 week low of Rs. 995.05 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 2098.25 and Rs. 1972.90 respectively. The current market cap of the company is Rs. 11169.64 crore.
The promoters holding in the company stood at 42.41%, while Institutions and Non-Institutions held 16.43% and 41.16% respectively.
Data Patterns (India) has signed a Licensing and Transfer of Technology (ToT) agreement with IN-SPACe, a single-window, independent, nodal agency that functions as an autonomous agency in the Department of Space (DoS). This agreement will provide Data Patterns with miniature SAR Radar capability.
The technology has been developed at Space Applications Centre (SAC), ISRO and is the forerunner of ISRO's upcoming high resolution SAR satellite, the NISAR and made available for ToT to the industry by IN-SPACe.
Data Patterns (India) is among the few vertically integrated defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry.
