India's SJS Enterprises gains; brokerage Elara Capital starts with 'buy'

SJS Enterprises

13/06/2025 09:53

** Shares of SJS Enterprises SJSE.NS climb 4.1% to 1,216.2 rupees

** Brokerage Elara Capital initiates coverage on stock with "buy", target price of 1,710 rupees

** Says co is leading manufacturer of aesthetic auto parts and is set to benefit from premiumisation of passenger vehicles and 2 wheelers

** Adds 1.6 billion capex for FY26 will aid expansion of export-ready verticals, enhancing average selling price

** Elara analysts say co trades at discount to peers; adds strong re-rating likely as expansions unfold

** Year-to-date, stock up 5.1%

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))