Buy Endurance Technologies, target price Rs 1740: Yes Securities

Yes Securities has buy call on Endurance Technologies with a target price of Rs 1740. The current market price of Endurance Technologies Ltd. is Rs 1647.35. Time period given by analyst is Intra Day when Endurance Technologies Ltd. price can reach defined target.

Endurance Technologies Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 23181.24 Crore) operating in Auto Ancillaries sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2139.77 Crore, up 4.55 % from last quarter Total Income of Rs 2046.70 Crore and up 32.56 % from last year same quarter Total Income of Rs 1614.20 Crore. Company reported net profit after tax of Rs 187.29 Crore in latest quarter.


Investment Rationale
Series of ascending tops and bottoms remain intact. Positive follow through could mean resumption of uptrend

Promoter/FII Holdings
Promoters held 70.5 per cent stake in the company as of March 31, 2021, while FIIs held 9.9 per cent, DIIs 13.5 per cent and public and others 1.6 per cent.