SJS Enterprises Stock Surges on Elara 'Buy' Rating

  Published 1 year ago

SJS Enterprises shares rise 4.1% as Elara Capital initiates 'buy' with 1,710 rupee target, citing expansion, premiumisation, and undervaluation.

  • Leading aesthetic auto parts maker benefits from premium passenger vehicle and 2-wheeler trends.
  • 1.6 billion FY26 capex boosts export, ready verticals, and raises average selling prices.
  • Stock trades at peer discount; re-rating expected as expansions drive growth.

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