After 164% Gains in Defence Stock Data Patterns, Ace Investor Buys 20 Lakh Shares of Small-Cap Stock Below Rs 120; Can It Deliver Data Patterns-Like Gains?
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Mathew Cyriac, whose investment in Data Patterns at Rs 1,837 per share has delivered nearly 164 per cent returns, recently acquired 20,00,000 shares of Nitco Ltd at an average price of Rs 95.05 per share through a bulk deal
✨ Key Takeaways
Ace Investor and private equity veteran Mathew Cyriac has turned heads once again after acquiring a stake in Nitco Ltd, a company that has recently reported a sharp improvement in financial performance. The move comes after his successful investment in Data Patterns (India) Ltd, which has delivered strong returns since his entry.
Who Is Mathew Cyriac?
Mathew Cyriac is the founder of Florintree Advisors and the former Co-Head of Private Equity at Blackstone India. He is widely known for identifying businesses with long-term value creation potential and his investment decisions are closely tracked by market participants.
Data Patterns Investment Delivered Strong Returns
According to exchange data, Mathew Cyriac acquired 6,80,622 shares of Data Patterns (India) Ltd through a block deal on February 16, 2024, at an average price of Rs 1,837 per share, representing a 1.22 per cent stake in the company.
Since Mathew Cyriac's investment at Rs 1,837 per share in February 2024, Data Patterns has surged approximately 164 per cent to Rs 4,845. The stock has gained 22.04 per cent in the last one month, 85.23 per cent over the past six months and 60.22 per cent in the last one year. The Defence electronics company's shares have traded between a 52-week low of Rs 2,131 and a 52-week high of Rs 4,955.
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Mathew Cyriac Acquires 20 Lakh Nitco Shares
In his latest move, Mathew Cyriac purchased 20,00,000 shares of Nitco Ltd through a bulk deal on May 6, 2026, at an average price of Rs 95.05 per share.
The acquisition comes at a time when Nitco has reported a significant improvement in its financial performance and has witnessed increased investor interest.
Nitco Financial Performance
Nitco reported revenue of Rs 542 crore in FY26, compared with Rs 314 crore in FY25, registering a growth of 72.61 per cent.
The company also reported a net profit of Rs 25 crore in FY26, compared with a net loss of Rs 35 crore in FY25, reflecting a turnaround in profitability.
Nitco Share Price Performance
Nitco shares have gained 19.63 per cent in the last one month and 22.26 per cent over the past six months. The stock has traded between a 52-week low of Rs 64.20 and a 52-week high of Rs 164.
With Nitco returning to profitability and Mathew Cyriac building a sizeable position in the company, the stock has come under the radar of investors tracking turnaround opportunities in the Small-Cap space.
About Companies
Data Patterns is engaged in defence and Aerospace electronics, providing products and solutions for defence and space applications. Nitco is one of India's established tile and marble manufacturers, catering to residential, commercial and infrastructure projects across the country.
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Disclaimer: The article is for informational purposes only and not investment advice.