Endurance Technologies

The northward movement in the company's stock price came on the back of company's strong financial results for the second quarter of FY25

The management is positive on growth across segments and expects decent growth, going ahead, led by robust orderbook.

In the past six trading days, the index has outperformed by surging 5.4 per cent, as compared to 2.4 per cent rise in the Nifty 50.

Endurance Technologies stock price: During Q4FY24, Endurance Technologies reported a 54 per cent year-on-year (Y-o-Y) jump in net profit at Rs 210.15 crore

According to the technical analyst from Anand Rathi, Hindalco has found support around its 200-DEMA, and seems poised for a potential reversal in the short-term.

The stock of the automotive components manufacturer has fallen 20 per cent in the past one month after the company reported a weak set of December quarter (Q3FY22) numbers.

The management said the market, this year, is subdued with headwinds in the form of weak rural demand and higher cost of ownership

Consistent growth in the Indian two-wheeler and European car markets is key

The stock of TCS is sustaining above its important moving averages, and a breakout above the immediate resistance of 2,820 levels might lead stock trade higher

Market share gains, better product mix other triggers

On Thursday, the automotive component manufacturer's stock had tanked 20 per to Rs 743, its lowest level since March 30, 2017, after the company announced the expansion plan.

Endurance Technologies, run by Rahul Bajaj's nephew, doubled m-cap to Rs 177 billion in 20 months

Despite its largest customer Bajaj Auto struggling to improve its volumes in the domestic market, auto component maker Endurance Technologies has been growing its business in India and outside at a brisk pace.The June quarter performance of both companies illustrate the point. While Bajaj Auto's sales volumes were lower by 11 per cent and revenues were down 5 per cent, Endurance posted a 12 per cent growth in domestic revenues, compared to the year ago period. Endurance's performance is noteworthy given that Bajaj Auto accounts for 47 per cent of the former's standalone revenues and 31 per cent of its consolidated revenues. The stock performance over the last year too is indicative of the divergent trends. The Endurance stock has been one of the best performing stocks in the auto space enriching investors by 51 per cent returns since listing in October 2016 while Bajaj Auto shareholders have lost 5 per cent during this period. One of the reasons Endurance has been able to improve its .

Tie-up with BWI North America, higher share of new clients will help auto part maker lift profit

Shares zoom 37% on listing day

The stock listed at Rs 572 on the NSE, a 21% premium against its issue price of Rs 472 per share.

The IPO received bids for 15,870,960 shares against the total issue size of 17,229,118 shares

The company's IPO received bids for 2,140,680 shares against the total issue size of 17,229,118 shares