BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Endurance Technologies Ltd.'s Q2 FY22 was impacted by raw material cost inflation and semiconductor shortage.
The near term outlook was impacted by weak two-wheeler demand and the semiconductor shortage in India and the Europe. However, recovery in underlying two-wheeler demand, improvement in the Europe business from Q1 CY22, and possibility of new product technology are potential catalysts for the stock.
We cut our FY22E/FY23E earnings per share estimate of Endurance Technologies by 12.5%/2% to factor in weak two-wheeler original equipment manufacturer demand and impact of the semiconductor shortage in India and the Europe business.
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