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Endurance Tech: Continues to outperform industry; a play to ride growth in 2W

Strong order pipeline, new products make Endurance an enduring bet following market correction

June 30, 2022 / 09:56 AM IST
Endurance Tech: Continues to outperform industry; a play to ride growth in 2W

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The overall market correction makes some of the highly valued and fundamentally strong companies look attractive. One such company is Endurance Tech (CMP: Rs 1,376; M Cap: Rs 19,360 crore). Its stock price has fallen by more than 30 percent from the 52-week high in November 2021. The market correction, demand concerns in Europe, and shortage of semiconductor chips, which led to production cuts by original equipment manufacturers (OEMs), proved to be headwinds for both the business as well as the...

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