Harsha Engineers Shares Upgraded To 'Buy' By IDBI Capital Post Good Q2 Numbers, Sees 20% Upside

3 days ago 6

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IDBI Capital upgrades Harsha Engineers rating from Hold to Buy and revises target price on the back of improved visibility for profitability in key overseas subsidiaries.

07 Nov 2025, 01:53 PM IST i

07 Nov 2025, 01:53 PM IST

07 Nov 2025, 01:53 PM IST

<div class="paragraphs"><p>Harsha Romania posted 38% YoY growth in topline in Q2 FY26 following an 18% YoY increase in Q1 FY26 pointing to signs of revival in industrial demand in Europe.</p><p> (Photo Source: Company website)</p></div>

Harsha Romania posted 38% YoY growth in topline in Q2 FY26 following an 18% YoY increase in Q1 FY26 pointing to signs of revival in industrial demand in Europe.

(Photo Source: Company website)

The most positive aspect of the result was the continued improvement in the overseas subsidiaries with steady performance in the Chinese subsidiary and a considerable improvement at Harsha Romania.

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