New Delhi, Oct. 27 -- India's push to strengthen domestic defence manufacturing could create a fresh growth opportunity for defence electronics companies, with Systematix Research initiating coverage on Astra Microwave Products and Data Patterns with BUY ratings.

The brokerage has set a target price of Rs.2,600 for Astra Microwave against its closing price of Rs.1569.75, indicating an upside potential of almost 66%. Meanwhile, Data Patterns has a target of Rs.5,100 against Rs.4127.90, implying an upside of 23.5%.

Systematix Research said the two companies were positioned to benefit from rising demand for radar, electronic warfare, communications and space-related systems. It highlighted their indigenous design capabilities, research and...