Goldman Sachs Boosts Sansera Engineering Price Target to ₹4,990

Sansera Engineering Ltd., an auto components manufacturer, surged up to 6% on Tuesday after Goldman Sachs increased its price target to ₹4,990.

The brokerage firm maintained its 'buy' rating and raised the price target from ₹4,500 earlier, indicating a potential upside of 19% from current levels.

This increase was prompted by recent announcements at the SEMICON event in India, where Applied Materials and LAM Research revealed plans to invest $5 billion and $1.2 billion respectively in their local supplier ecosystems and R&D presence.

Sansera Engineering had previously announced a significant order win of $180 million from an existing customer, which Goldman Sachs has factored into its financial year 2029 earnings estimates.