Endurance seems to have endured downside now looking good. Endurance Technologies Limited engages in the manufacture of two-wheeler and three-wheeler automotive components. It offers Aluminium die castings, suspension, transmission and brake systems products. The company was founded by Anurag Jain in November 1985 and is headquartered in Aurangabad, India. CMP of Endurance Technologies is 1878.50.
The positive aspects of the company are Company with Low Debt, Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High PE (P.E.= 43.5), Increasing Trend in Non-Core Income, Companies with high market cap, lower public shareholding, MFs decreased their shareholding last quarter.
Entry can be taken after closing above 1887. Targets in the stock will be 1945 and 2009. The long-term target in the stock will be 2069 and 2111+. Stop loss in the stock should be maintained at Closing below 1783 or 1727 depending on your risk taking ability.
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