Economy
Systematix Initiates Coverage on Astra Microwave and Data Patterns With Buy Ratings
Livemint2h
THE BRIEF
1
Systematix Research initiated coverage on defence electronics firms Astra Microwave Products and Data Patterns with 'BUY' ratings, citing strong domestic manufacturing tailwinds.
2
The brokerage assigned a target price of ₹2,600 for Astra Microwave, representing an upside of 66%, and a target of ₹5,100 for Data Patterns, implying a 23.5% upside.
3
Analysts highlighted Astra Microwave's order book expansion to approximately ₹43 billion alongside Data Patterns' growing capabilities in airborne and counter-drone systems.