The company is a global force in aluminium casting , suspension, transmission and braking products. And we continue to remain upbeat on Endurance (ENDU), primarily on the back of its significant presence in the high-growth two-wheeler segment and a strong order book.
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
The overall market correction makes some of the highly valued and fundamentally strong companies look attractive. One example is Endurance Tech (CMP: Rs 1,577.85; M Cap: Rs 22,160 crore). Its stock price has fallen by more than 20 percent from the 52-week high in November 2021. The overall market correction and the severe shortage of semiconductor chips, which led to production cuts by original equipment manufacturers, proved to be a double whammy for both the business as well as the…
