Mumbai, Sept. 8 -- The target price implies an upside of 22.43% from the ruling market price.

The brokerage said Sansera's growth engine is set to "take wings", led by its aerospace, defence and semiconductor (ADS) segment. The segment is supported by a strong order book and India's growing emergence as an aerospace manufacturing hub for original equipment manufacturers (OEMs) and Tier-1 suppliers.

The ADS business is also margin accretive and generates superior asset turns, which could improve Sansera's overall capital efficiency, the brokerage said.

The brokerage expects Sansera's earnings per share (EPS) to more than double over the next three years. It described the company as a potential "2x in three years" story.

The brokerage e...