Motilal Oswal: BUY Endurance Technologies, Target Rs 3050 on Strong Outlook

• Motilal Oswal recommends a "BUY" rating for Endurance Technologies with a target price of Rs 3050.
• Growth drivers include new alloy wheel plant, dual-channel ABS, new brakes facility, and inverted front forks.
• Company aims to increase 4-wheeler segment contribution to 45% and has secured orders in die castings, brakes, and transmissions.
• Endurance Technologies is expanding into adjacent segments like solar dampers, battery pack assembly, and aluminum forgings.
• Steady growth is expected in the European business due to the Stoferle acquisition and new order wins.

Why It Matters: Motilal Oswal recommends buying Endurance Technologies stock with a target of INR3050.