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Buy Endurance Technologies; target of Rs 1270: HDFC Securities

HDFC Securities is bullish on Endurance Technologies has recommended buy rating on the stock with a target price of Rs 1270 in its research report dated November 12, 2020.

November 18, 2020 / 03:02 PM IST

HDFC Securities' research report on Endurance Technologies

Endurance continues to expand into new segments as the company will commence ABS orders in 1QFY22 and its CBS facility will be commissioned shortly. It is winning orders from new customers (TVS) and is expanding with HMSI, Hero, etc.


We reiterate BUY. We have a target price of Rs 1,270 at 28x Sep-22E EPS (our estimates are changed marginally by 1% over FY22/23E). Key risks: slower-than-expected industry recovery.

For all recommendations report, click here

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first published: Nov 15, 2020 01:07 pm