External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Endurance Technologies Ltd / Equity Bottom-Up

<ul><li>Endurance Technologies Ltd. (ENDU) reported a subdued Q3FY22 performance, primarily impacted due to the weak 2W demand in India</li><li>The consolidated revenue stood at Rs 1,889 Cr (our estimate – Rs 1,775 Cr), down 7% YoY</li><li>We maintain a BUY rating on the stock and value it at 27x FY24E P/E to arrive at a target price of Rs 1,750/share (Rs 2,000/share earlier), implying an upside of 20% from CMP.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Endurance Technologies Ltd. (ENDU) reported a subdued Q3FY22 performance, primarily impacted due to the weak 2W demand in IndiaThe consolidated revenue stood at Rs 1,889 Cr (our estimate – Rs 1,775 Cr), down 7% YoYWe maintain a BUY rating on the stock and value it at 27x FY24E P/E to arrive at a target price of Rs 1,750/share (Rs 2,000/share earlier), implying an upside of 20% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Endurance Technologies: A Subdued Quarter; Margins Impacted Due to Multiple Headwinds