Antique initiates India's Sansera Engineering with "buy;" shares up

Sansera Engineering

19/12/2023 06:45

** Antique Stock Broking begins coverage on Sansera Engineering
 SASE.NS  with a "buy" rating and a PT of 1,155 rupees
    ** The PT represents an upside of 24.4% to stock's last
close
    ** Shares of the auto parts maker up 2.9%
    ** Antique expects a revenue growth of 19% over FY23-26,
driven by new clients, recovery in the two wheeler segment, and
increased vehicle content
    ** Expected growth in exports, execution ramp-up and rising
aerospace revenue also contribute to outlook - brokerage
    ** Avg recommendation of 5 analysts is a "strong buy;"
median PT of 1,104 rupees represents an upside of 16% to last
close - LSEG data
    ** Including day's gains so far, stock up 31.4% YTD

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))