Endurance Technologies’ share price rose more than 14% in Friday’s session following the company’s strong Q4 results. The company’s consolidated profit after taxes (PAT) for the quarter ended March rose 54% year-on-year to ₹210.2 crore from ₹136.5 crore, according to exchange filings. Endurance Technologies’ consolidated total income grew 20% year-on-year to ₹2,255.2 crore from ₹2,711.3 crore. Share price of Endurance Technologies opened at ₹2,202.25 on BSE today, the stock touched an intraday high of ₹2,317.55 and an intraday low of ₹2,166.45.
According to Ruchit Jain, Principal Research Analyst at 5paisa, the share price of Endurance Technologies is forming a higher top higher bottom structure and hence the trend remains positive. For the short term, the stock has support around ₹2,000-2,100. Traders with existing positions may expect the trend to continue, while any decline towards the support zone could be seen as a buying opportunity.
Rajesh Bhosale, Equity Technical and Derivatives Analyst at Angel One, said that Endurance Technologies share price has seen strong deviation with tough volumes and is already upturn 10% despite coming off morning highs. The view remains positive and the bullish gap around ₹2,050 – 2,150 to acts support whereas ₹2,500 is next key confrontation. Any dip would be buying opportunity.
According to exchange filings, the firm reported a consolidated PAT of ₹680.5 crore for full year FY2024, up 41.9% from the previous year. Consolidated total income for the year, together with other income, enlarged from ₹8,849.5 Crore to ₹10,326.5 Crore, a increase of 16.7% YoY.
