Endurance Technologies Witnesses Nearly 3% Dip Despite Strong Q2FY24 Performance

On the morning of November 9, Endurance Technologies saw a decline of over 3 percent in its shares, surprising market observers given its robust performance in the July-September quarter (Q2FY24).

The automotive component manufacturer reported an impressive 8 percent increase in consolidated total income during Q2FY24, driven by strong performance in both Indian and European operations.

Advertisement

Despite the positive financial results, the company’s shares experienced a downturn, trading 2.94 percent lower at ₹1,674.00 on NSE as of 11:31 am.

The dip sparked curiosity among investors and analysts, raising questions about market dynamics and investor sentiment despite Endurance Technologies’ solid performance in the quarter.