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Buy Endurance Technologies; target of Rs 1625: Motilal Oswal

Motilal Oswal is bullish on Endurance Technologies recommended buy rating on the stock with a target price of Rs 1625 in its research report dated February 09, 2023.

February 14, 2023 / 10:28 PM IST
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Motilal Oswal's research report on Endurance Technologies

3QFY23 consolidated performance was affected due to tepid India business growth trajectory, led by weakness in 2Ws. EU business demonstrated improvement, on the back of better supplies and compensation for cost inflation, but the outlook remains uncertain due to inflation and high interest rates.


We have cut our FY23E/FY24E EPS estimates by 5%/5.5% to account for weakness in the India business. We reiterate our Buy rating with a TP of INR1,625 (27x Dec’24E EPS).

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Endurance Technologies - 10 -02 - 2023 - moti

Broker Research
first published: Feb 14, 2023 10:28 pm