Hem Securities has given Buy recommendation for Endurance Technologies with a target price of Rs. 1342 in its research report issued on Mar 14, 2022

Hem Securities report on Endurance Technologies

Endurance Technologies Ltd Q3 FY22 consolidated revenues came in at ₹1889 Cr, down 7.45% YoY and up 0.05% QoQ. Op Profit for Q3FY22 stood at ₹203 Cr, down 42.3% YoY and down 21.9% QoQ. Op margins for Q3FY22 came at 11.15%, -28 bps YoY and -639 bps QoQ. PAT for Q3FY22 stood at ₹95 Cr, down 50.2% YoY and down 29.02% QoQ.

Outlook

We initiate a “BUY” rating on the stock and value the stock at 26.0x FY23E earnings to arrive at the target of ₹1342.

More Info

At 15:51 hrs Endurance Technologies was quoting at Rs 1,197.00, up Rs 30.20, or 2.59 percent.

It has touched an intraday high of Rs 1,209.35 and an intraday low of Rs 1,157.95.

It was trading with volumes of 55,653 shares, compared to its thirty day average of 6,050 shares, an increase of 819.91 percent.

In the previous trading session, the share closed down 1.39 percent or Rs 16.40 at Rs 1,166.80.

The share touched its 52-week high Rs 1,980.95 and 52-week low Rs 1,084.00 on 08 November, 2021 and 07 March, 2022, respectively.

Currently, it is trading 39.57 percent below its 52-week high and 10.42 percent above its 52-week low.

Market capitalisation stands at Rs 16,837.34 crore.

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