Value stock as in India they have around 18 and 7 in Europ
Co is from 1986
Buisness 52819 mn in Rs
Endurance Technologies is one of India''s leading automotive component manufacturing companies. Anurang Engineering Company Private Limited which merged into our company in 2006, commenced manufacturing of aluminium castings in Aurangabad, Maharashtra, India in FY 1986.
Raw and machined aluminium CVT) assemblies for scootersBrake systems such as hydraulic disc brake assemblies including calipers, master cylinder and rotary disc brake for motorcycles & scooters and hydraulic drum brake assemblies and tandem master cylinder for three wheelersAfter-market services to cater to the replacement market
Company buisness in India ,Germany and Italy
After all above info i may say it can show big upside on chart in coming some years.1000-1200-1500+ can be see easily. And many more.
976. Silapathar| Link| Bookmark|
October 19, 2016 11:56:07 PM
Top Contributor (400+ Posts, 200+ Likes)
Was expecting it to list at 530-535 and then move upto 650 in 3 months. But this one reached 650 on the first day.
Nse+bse total turnover =4,46,47,087 Delivered qty nse +bse =1,15,75,224 Delivery % = 25.92%. Total shares allotted to Hni = 36,91,954 Rii = 86,14,559 Total=1,23,06,513. So, what does this data suggest? Is major selling over???
Mera pahelewala msg dhyan se padh, Khalipili siti mat baaja. Agar padha hota to aisi baat nahi karta. Clear likha tha listing 525{ +/- 10,} 10 ka jikr kahan kiya ya thaa wo bataa? Tu khaali 10 ka aankda padhta ho, to bhagwan bachaye...... Pehle har msg ko dhyaan de psdhna sikh le...
Nether I am an ''admin (for your kind information it is called modulator) nor i bother to delete your nonsense. Can''t STOOP to your level, so GOODBYE to you, better be with your FRENDZ.
971. Nidhike| Link| Bookmark|
October 19, 2016 8:00:59 PM
Top Contributor (300+ Posts, 500+ Likes)
1.15 cr shares delivered out of total 1.7 cr shares....almost 70% shares cornered
Hi guys! I also was tempted to invest in this company but after reading the red herring prospectus and risks associated with this company I changed my mind about it.
This company is heavily dependent on Bajaj Auto for it bussiness. About 40-45% of its net revenue is from bajaj auto limited. In fact 65% of its net revenue comes from its 3 top customers.
Suppose, any time in future if bajaj auto decides to manufacture components on its own, then I am sure this stock will hit a banana peel and take a huge dive.
I would recommend you all to be cautious in investing in this type of companies. Even ''Peter Lynch'' has said in his book "One up on Wall Street" not to invest in companies that are too dependent on other companies for their profitability, which happens to be the case here.
969.1. Nidhike| Link| Bookmark|
October 19, 2016 7:33:36 PM
Top Contributor (300+ Posts, 500+ Likes)
Western guys don''t know the meaning of family....here bajaj is mama of endurance
Look 4.5 crore shares today.so 4.5 crore multiply by 472 rs almost 2000 crore. And the size of the ipo was 1167 crore Its almost double traded in rupees
968.1. Nidhike| Link| Bookmark|
October 19, 2016 6:23:02 PM
Top Contributor (300+ Posts, 500+ Likes)
Only 70% of 1167 crore is tradable for 1 month...anchor portion lock in for 1 month which is 30% of issue size
968.2. Nidhike| Link| Bookmark|
October 19, 2016 7:59:11 PM
Top Contributor (300+ Posts, 500+ Likes)
1.15 cr shares delivered out of total 1.7 cr shares....almost 70% shares cornered
Much thanks to all the experts Eagleye, Septa, Khemka & others i missed, who gave thumbs up for subscribing, it really showed "Endurance"...going to hold shares for 3-5 years maybe even years hopefully...Keep helping the small investors, may all the experts keep thriving...god bless. Oh and what a birthday party you have given Mr Septa to all retailers...cheers