India's Sansera Engineering closes higher; B&K Securities initiates with 'buy'

Sansera Engineering

18/06/2025 11:13

** Automotive components manufacturer Sansera Engineering SASE.NS closes nearly 3.5% higher at 1,334.8 rupees

** Batlivala and Karani Securities initiates coverage with "buy" rating and PT of 1,601 rupees

** Brokerage says Sansera to benefit from reducing dependence on the combustion engine vehicles segment

** Adds, diversification towards EVs and hybrids, and also the high-margin aerospace, defence and semiconductor segments to boost revenue

** Rural economy to drive growth in co's two-wheeler segment as rise in disposable income to increase demand, says brokerage

** Stock rated 'buy' on avg by nine analysts; median PT at 1,520 rupees - data compiled by LSEG

** SASE shares down nearly 10% YTD

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))