India's Sansera Engineering hits record high; Goldman raises TP on global chip boost
BUZZ-India's Sansera Engineering hits record high; Goldman raises TP on global chip boost ** Shares of precision-engineered components maker Sansera Engineering SASE.NS jump as much as 4.95% to a record high of 4,509.80 rupees
** Stock on track for fifth straight session of gains
** Investments by global semiconductor capital equipment manufacturers, Applied Materials AMAT.O and LAM Research LRCX.O, in India to develop a local supplier ecosystem seen contributing to SASE's higher-margin Advanced Design System component supply business, Goldman Sachs Research says
** Brokerage has a "Buy" rating on the stock, raises TP to a street high of 4,990 rupees from 4,500 rupees
** 7 out of 12 analysts rate the stock "Buy" or higher, median TP of 4,185 rupees - data compiled by LSEG
** YTD, shares up 169.05%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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