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Last Updated : Apr 16, 2019 03:43 PM IST | Source:

Buy Endurance Technologies; target of Rs 1399: LKP Research

LKP Research is bullish on Endurance Technologies has recommended buy rating on the stock with a target price of Rs 1399 in its research report dated April 15, 2019.

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LKP Research's report on Endurance Technologies

Endurance Technologies (Endurance) is one of the biggest suppliers of components to 2- wheelers and 3-wheelers in India, having core-competence in aluminium casting, transmission and suspension products. The company is likely to benefit from new customer wins, stricter safety norms in India and increasing demand for aluminium content in passenger vehicles across India and Europe. The company is growing at a rate faster than its peers as well as its underlying industry, hence we believe that the premium valuations of 24x on FY21E earnings, at which the stock is trading currently is well deserved.


We initiate coverage on the stock with a BUY rating and a target of ₹1,399.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

First Published on Apr 16, 2019 03:43 pm
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