Endurance Share Price Soars to Record High
๐ Auto component company Endurance Technologies saw a bumper surge in its share price during trading on Friday, June 14. The stock touched a 20% high and reached a record high of โน3,059.05. Shares had dropped to โน1,511.60 on June 15, which was the lowest point in 52 weeks. The stock is now more than 102% above its 52-week low.
Continuous Growth in Endurance Technologies Shares
๐ Endurance Technologies’ shares have been on the rise for eight consecutive trading days. In these eight days, the stock has surged by 39%. In the first 10 trading days of June, the stock only saw negative returns on one day. Overall, the stock is up 23% this month. On Tuesday (June 18, 2024), the share was trading at โน2,732, up by 1.41%.
Impressive Performance in 2024
๐ Endurance Technologies’ shares have seen a growth of over 58% in 2024 so far. The stock has given positive returns in four out of the six months. Investors saw a return of 12% in May and 8.3% in April. The company’s net profit for the quarter ended March increased by 54% annually, reaching โน210.2 crore.
Positive Outlook and Strong Order Book
๐ผ For FY23-24, Endurance Technologies announced a dividend of โน8.50 per share. The company also secured significant orders worth โน1,199 crore in India and 31 million euros in Europe for FY24. Management expects further growth in the order book, with an estimated order book of โน1,580 crore for the financial year 2025, โน2,380 crore for FY26, and โน2,690 crore for FY27.
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