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Endurance Technologies: Investors advised to consider the stock on dips

Market share gains, better product mix other triggers

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While the company is expected to outperform peers and has a strong balance sheet, given the recent run up investors can look at the stock on dips.

Ram Prasad Sahu Mumbai
The stock of Endurance Technologies has gained 56 per cent since its lows in April on the back of expectations of a faster recovery in two-wheelers, new order wins, and market share gains. Further, two European acquisitions in the June quarter would enable it to enter the higher-segment bikes space and expand its client base.

The immediate trigger has been the recovery in rural incomes, which, coupled with the need for personal mobility solutions, should boost demand for the two-wheeler segment. Endurance, which supplies braking, transmission, and suspension parts to two- and three-wheeler makers is expected to benefit from this trend. 

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First Published: Jul 15 2020 | 7:29 PM IST

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