Endurance Tech listed as ‘top pick of the week’ by Axis Securities – key reasons

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₹1,845, indicating an upside of 10 percent from its current market price of ₹1,679.70. Endurance Technologies Limited serves as a comprehensive solutions provider, specialising in aluminum diecasting, suspension, braking systems, and transmission products. Distinguished as a Tier 1 supplier, the company caters to renowned Indian and global brands across the spectrum of 2-wheelers (2W), 3-wheelers (3W) and passenger vehicles (PV).

The company started its operations with two die-casting machines in 1985 and has grown to 31 manufacturing facilities strategically located near OEMs (original equipment manufacturers) in India and overseas. Read here: L&T, HAL, UltraTech, among 32 top stock picks of PhillipCapital post-elections The stock has gained around 12 percent in the last 1 year and over 25 percent in 2023 YTD, giving positive returns in 7 of the 11 months in the current calendar year, gaining the most in June, over 10 percent, and shedding the most in February, down over 15 percent. It has risen over 1 percent in the 2 sessions of December, extending gains after an over 5 percent jump in November.

Currently trading at ₹1,679.70, the stock is 4 percent away from its 52-week high of ₹1,750.95, hit on July 25, 2023. Meanwhile, it has advanced over 42 percent from its 52-week low of ₹1,179, hit on March 28, 2023. In the September quarter, the company’s consolidated total income rose 8 percent YoY, led by Indian as well as European operations.

Consolidated profit-after-tax (PAT), too, jumped 17.5 percent YoY to ₹154 crore in the quarter under review. The selling, general & administrative expenses of Endurance Technologies declined by 2.91 percent quarter-on-quarter but increased by 21.89 percent year-on-year. Similarly, the