Get started

Endurancetechnologies

Endurance Tech is experiencing robust growthEndurance Tech (ENDU), India's top aluminum die-casting company, is showing consistent improvement in its performance metrics. This is fueled by increasing domestic demand, a recovery in the international market, and lower raw material costs. ENDU is highly preferred among automotive ancillary firms due to its advanced product range and strong presence in the two-wheeler segment. Outlook: ENDU's robust order book is being driven by the recovery in demand. The company primarily focuses on the two-wheeler (2W) segment in the domestic market, benefiting from its advanced product range. This positions ENDU advantageously to capitalize on the expected growth in the 2W industry. The positive outlook for ENDU is supported by the significant increase in demand for two-wheelers, as indicated by monthly wholesale figures from original equipment manufacturers (OEMs). The management's confidence in the long-term potential of the Indian 2W segment is further reinforced by the company's order schedule, which anticipates a 10-12 percent industry growth in FY24. During the first nine months of FY24, Endurance Tech secured new contracts worth Rs 941 crore from OEMs other than Bajaj Auto, with approximately 60 percent being new business and the rest replacement orders. These contracts are expected to peak in FY26. Additionally, the company has obtained orders worth Rs 680 crore in the electric vehicle (EV) segment. In terms of the European business outlook, Endurance Tech's management highlighted that the easing of supply constraints allowed OEMs to increase production. Despite recessionary pressures affecting order intake, Endurance Tech successfully secured orders totaling 29 million euros during the same period. In conclusion, Endurance Tech's strong position in the Indian two-wheeler segment, focus on electric vehicles, and favorable market conditions position it as a compelling player in the automotive industry. Endurance Tech is expanding its product range by focusing on high-value offerings. This includes brake-and-clutch assemblies for motorcycles with engine capacities exceeding 200 cc, ABS systems, paper-based clutches, inverted front forks, as well as fully machined and semi-finished castings. The company has begun supplying ABS and brakes tailored for motorcycles with engine capacities of 200 cc and above, along with clutch plates. As raw material prices decrease, enhanced margins are expected. The reduction in raw material expenses has already had a positive impact, and the decline in high energy prices in Europe has further strengthened the company's operating margin. Additionally, management is actively working to improve cost efficiencies, introduce more valuable products, and replace imports, all of which are expected to contribute to further improvement in the operating margin. Valuation: Endurance Tech (ENDU) is currently trading at a valuation of 29.8 times the estimated earnings for FY25, which represents a discount of approximately 10 percent compared to its six-year average valuation of 32.7. This discounted valuation suggests significant potential for an upward movement in the stock price. We recommend that investors gradually accumulate the stock. There are several risks to consider: 1. Deceleration in demand: A slowdown in demand could negatively impact the company's financial performance. 2. Unfavorable commodity prices: Higher raw material costs, due to unfavorable commodity prices, could affect operational profitability.
NSE:ENDURANCELong
by Trendxinc
YR 2022 Idea #127: Long on ENDURANCEThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:ENDURANCELong
by onerighttrade
ENDURANCE TECH BOTTOMED OUT READY FOR LONGEnduranceTech stock seems to have Bottomed Out Close above 1250 will give Good Move Use Dips To Add Delivery 1240 and Dips 1175 sl 1100 Trg 1400 1600 Good Delivery Volumes Yesterday ENDURANCE EQ 18-Apr-2022 1,147.30 1,145.00 1,170.00 1,135.00 1,150.00 1,153.10 1,150.10 96,687 11,11,99,467.20 6,350 70,190 72.60 ENDURANCE EQ 19-Apr-2022 1,153.10 1,155.00 1,186.00 1,124.55 1,134.95 1,150.65 1,172.77 1,69,440 19,87,14,754.75 6,811 1,24,190 73.29 ENDURANCE EQ 20-Apr-2022 1,150.65 1,156.00 1,169.05 1,150.65 1,158.00 1,159.65 1,160.13 33,077 3,83,73,604.95 3,769 13,573 41.03 ENDURANCE EQ 21-Apr-2022 1,159.65 1,159.65 1,189.95 1,157.85 1,180.00 1,181.65 1,179.69 33,770 3,98,38,146.60 3,228 14,639 43.35 ENDURANCE EQ 22-Apr-2022 1,181.65 1,170.90 1,213.00 1,169.65 1,181.00 1,177.55 1,194.04 73,042 8,72,14,902.40 6,607 25,327 34.67 ENDURANCE EQ 25-Apr-2022 1,177.55 1,175.00 1,183.70 1,085.75 1,136.00 1,126.00 1,131.14 2,02,159 22,86,69,162.55 16,400 1,15,762 57.26 ENDURANCE EQ 26-Apr-2022 1,126.00 1,135.80 1,171.00 1,135.80 1,163.40 1,162.95 1,162.09 14,30,304 1,66,21,38,675.90 15,212 13,20,837 92.35 NSE:ENDURANCE
NSE:ENDURANCELong
by TradeAdda
Intraday Trade: watch for resistance breakoutbuy above 1625 in Intraday Note: this is only intraday trade. for swing and positional trade length of pattern must be big for intraday we need only momentum so that we can grab few quick points. For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:ENDURANCELong
by stockkar
ENDURANCENote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:ENDURANCELong
by SENSITRADE_T