Multibagger Stock: This defense stock has spoiled investors, tripling in price in a single year

Conservation means the field of conservation is considered evergreen. This is a sector where the demand is always there. Now that India is trying to become self-reliant in the defense sector, defense stocks have become more attractive than ever. This has helped defense sector stocks become multibugger. Today we are going to tell you about one such stock.

Made a multibagger in one year

The stock of Data Patterns India Limited, a defense sector related company, is from the list, which has been tremendously successful in making money for its investors over the last few years and has been included in the list of multibagger stocks. The stock has returned a whopping 175% in the last one year and is far ahead of the multibagger stocks.

Price continues to rise

After the end of trading on Thursday, its share price rose 0.86 percent to Rs. was 2,070. Its price has increased by around 2 percent in the last 5 days. In the last one month it has registered a gain of about 9 percent and in the last six months it has registered a gain of about 71 percent. The stock has gained nearly 85 percent so far this year. Thus, this stock has consistently proved to be a profitable deal for its investors.

The company is the best in its field

Data Patterns India Limited provides electronics solutions in the defense and aerospace sector. It is the top indigenous company in its field. This is the reason why it is benefiting from initiatives like Make in India and Svanirbhar Bharat. The future prospects are also looking good from the leadership position of the company. The company has a market capitalization of Rs 11,640 crore at present.

Prices rose this way

According to the rate at which its shares have risen, it has almost tripled its investors’ money in a year. In the past one year, while the BSE Sensex has gained nearly 23 percent, it has been trading at Rs. Almost 175 percent jump from 745 level. If an investor invests in his shares a year back Rs. 1 lakh had been invested, today the value of his investment would be Rs. 2.75 lakh would have been.

Listed one and a half years ago

The company has not had much time in the stock market. It was listed on 24 December 2021. The stock has also proved to be excellent for its IPO investors. Its IPO was listed at a premium of around 47 percent.

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