Endurance Technologies’ Strong All-Round Q3 Performance In Both Businesses: Motilal Oswal
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. reported a strong all-round beat in Q3 FY21, with contribution from both businesses.
While recovery in the India business continues to be strong, the Europe business is seeing the impact of a second wave of Covid-19.
The company’s outperformance of the underlying two-wheeler industry would continue on the back of a content increase and the mining of recently added customers.
Thus, we believe it is the best proxy for the two-wheeler industry in India.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.