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. 

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.

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 Q2FY22 performance, primarily due to the steep decline in Europe PV production and RM cost pressures on the domestic side.</li><li>ENDU has been a leading auto ancillary with expertise in manufacturing technology-oriented products viz., Aluminium casting, Suspension, Braking System, and Transmission</li><li>We maintain a BUY rating on the stock and value it at 30x FY23E P/E to arrive at a target price of Rs 2,000/share, implying an upside of 10% 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 Q2FY22 performance, primarily due to the steep decline in Europe PV production and RM cost pressures on the domestic side.ENDU has been a leading auto ancillary with expertise in manufacturing technology-oriented products viz., Aluminium casting, Suspension, Braking System, and TransmissionWe maintain a BUY rating on the stock and value it at 30x FY23E P/E to arrive at a target price of Rs 2,000/share, implying an upside of 10% 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: Fundamentals Remain Intact Despite A Subdued Quarter