6 days ago
Sansera Shares Rise as Goldman Sees Semiconductor Upside
Sansera Engineering makes components for different industries.
Its shares rose more than 7% on Tuesday.
Goldman Sachs believes the company could grow further.
Applied Materials plans to invest $5 billion in India.
LAM Research plans to invest another $1.2 billion.
These investments could help build more local suppliers and research facilities.
Sansera also has a $180 million semiconductor order from an existing customer.
Goldman Sachs expects Sansera’s ADS business to become an important part of its future growth.
Sansera Engineering shares rose 7.06% to Rs 4,598.45 on Tuesday.
Goldman Sachs raised its target and FY29 earnings-per-share estimate for Sansera.
Applied Materials and LAM Research plan to invest $5 billion and $1.2 billion in India, respectively.
Sansera has a $180 million semiconductor order from an existing customer, announced in August.
Goldman Sachs expects Sansera’s higher-margin ADS business to support longer-term growth.
- Who
- Sansera Engineering, Goldman Sachs, Applied Materials, and LAM Research.
- What
- Sansera shares rose after Goldman Sachs increased its target and FY29 earnings estimate, citing semiconductor-related growth opportunities.
- Where
- India, where Applied Materials and LAM Research plan to expand investments and operations.
- When
- Tuesday; the semiconductor order was announced in August, though the articles do not specify the year.
- Why
- Goldman Sachs sees potential from new semiconductor investments in India and Sansera’s $180 million order and higher-margin ADS business.
Key facts
- Share price gain
- Sansera Engineering rose 7.06% to Rs 4,598.45.
- Previous close
- Rs 4,295.10.
- Applied Materials investment
- $5 billion planned investment in India.
- LAM Research investment
- $1.2 billion planned investment in India.
- Sansera semiconductor order
- $180 million order from an existing customer.
- Projected FY29 revenue
- Rs 60,968.2 crore, compared with Rs 34,979.2 crore in FY26.
- Projected FY29 Ebitda
- Rs 13,507.5 crore, compared with Rs 6,320.9 crore in FY26.
Sources
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