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Buy Endurance Technologies; target of Rs 1700: Anand Rathi

Anand Rathi is bullish on Endurance Technologies has recommended buy rating on the stock with a target price of Rs 1700 in its research report dated February 09, 2023.

February 14, 2023 / 08:15 PM IST
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Anand Rathi's research report on Endurance Technologies

For Endurance Technologies, strong top line performance is attributable to consistent improvement in the two wheeler segment on a yearly basis. The company continues to build its order book toward IC and EV applications. It commenced supplies to a new EV OEM for BMS, which was recently developed through its Maxwell acquisition. With the expected revival in two-wheeler offtake, we expect growth.


Accordingly, we maintain a Buy rating at a revised TP of Rs1,700 (25x FY25e).

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Endurance Technologies - 10 -02 - 2023 - anand

Broker Research
first published: Feb 14, 2023 08:15 pm