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Buy Endurance Technologies; target of Rs 1750: Motilal Oswal

Motilal Oswal is bullish on Endurance Technologies recommended buy rating on the stock with a target price of Rs 1750 in its research report dated May 20, 2021.

June 10, 2021 / 11:14 AM IST
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Motilal Oswal's research report on Endurance Technologies

Endurance Technologies (ENDU) reported a strong all-round beat in 4QFY21, with both businesses surprising with their performances. While business recovery in the EU continues strongly, the India business is seeing the impact of the second COVID wave. ENDU’s outperformance of the underlying 2W industry would continue on the back of a content increase, the mining of recently added customers, and ABS supplies from 3QFY22.


ENDU is the best proxy on the 2W industry in India. We maintain our estimates and a Buy rating, with TP of INR1,750.

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.

Broker Research
first published: May 27, 2021 01:37 pm

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