Kotak Institutional Equities has upgraded Endurance Technologies to ‘Reduce’ from ‘Sell’, revising its target price to ₹1,900. The company’s Q3 consolidated EBITDA came in 4.7% above estimates, supported by a better-than-expected revenue performance in its European business.
The brokerage expects Endurance to outperform domestic two-wheeler industry growth. However, it highlights concerns over growth moderation in two-wheeler production volumes, particularly in the motorcycle segment for key customers, which could impact overall standalone business growth.
On the international front, the European business continues to perform well, benefiting from strong order wins and steady execution.
The stock is currently trading at ₹1,918.00.
Disclaimer: The above stock update is based on brokerage reports and company announcements. Investors are advised to conduct their own research and consult with a financial advisor before making any investment decisions.
