Q2FY22 Result Update - Strong Order Visibility, Foraying into New Products - Downgrade to 'ACCUMULATE'
recent run-up in the stock at revised TP of Rs1,989 (v/s Rs1,844) based on 29x (28x earlier) Sept'23 EPS, to factor in strong FCF generation and improving return ratios. ENDU's 2QFY22 S/A revenues grew 19%YoY at...