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Endurance Technologies Results Report - Market share gains in brakes to drive outperformance - HDFC Securities

Endurance Technologies Results Report - Market share gains in brakes to drive outperformance - HDFC Securities
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Endurance Technologies share price: Buy Endurance Technologies, target price Rs 1750: Motilal Oswal

Motilal Oswal has buy call on Endurance Technologies with a target price of Rs 1750. The current market price of Endurance Technologies Ltd. is Rs 1389.25. Endurance Technologies Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 19675.92 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. ENDU is the best proxy on the Indian 2W industry, with scope for an increase in content, led by technological changes and new products. Coupled with its knowledge of aluminum die-casting in the EU, the brokerage believes there is scope to increase contribution from the PV segment. The stock trades at 28.1x/22.5x FY22/FY23E consol. EPS. The br

The automotive industry is making driving cars far more sustainable But can it do the same for the way parts are moved

The automotive industry is making driving cars far more sustainable. But can it do the same for the way parts are moved iCrowd Newswire 19 May 2021, 04:38 GMT+10 While the industry moves to producing more efficient and sustainable electrified vehicles, there is still a lot to do to reduce waste in the automotive supply chain. Moving to reusable, pooled packaging makes it more sustainable and more efficient, with less risk and less waste. Customers, investors, and legislators are increasingly demanding that automotive companies respond to the urgent challenge of global climate change. It s estimated that 75% of the CO2 emissions generated by the automotive industry are from a car s operation over its lifetime. But 18% comes from the supply chain1. And as electric vehicles (EVs) dramatically reduce the environmental impact of driving, the impact of waste in the supply chain will increase proportionally unless there is meaningful change.

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