Systematix sets upside targets for Astra Microwave and Data Patterns
In short
Systematix set target prices for Astra Microwave and Data Patterns. It put Astra at ₹2,600 versus a closing price of ₹1,569.75, and Data Patterns at ₹5,100 versus ₹4,127.90.
The targets suggest strong upside, especially for Astra. The available report does not say why Systematix is positive or how long the targets are for.
What the reporting says
Systematix set target prices for Astra Microwave and Data Patterns, implying upside from their closing prices of ₹1,569.75 and ₹4,127.90, respectively. The report pegs Astra Microwave at ₹2,600, suggesting almost 66% upside, and Data Patterns at ₹5,100, suggesting 23.5% upside. The available summary does not include the brokerage’s reasons, time frame, or any change in company fundamentals.
Why it matters
Systematix initiated coverage on Astra Microwave and Data Patterns with target prices above their listed closing prices. The summary says Astra Microwave has a target of ₹2,600 versus ₹1,569.75, while Data Patterns has a target of ₹5,100 versus ₹4,127.90. This is relevant for defence-stock traders because it signals analyst upside, but the report does not provide the rationale behind the targets.