New Delhi, Oct. 13 -- Swaraj Engines share price declined over 3% on Tuesday, 13 October, giving up some of the previous session's sharp gains despite the company's strong September-quarter results. The stock had surged nearly 15% on Monday, outperforming a weak broader market, after the company reported robust growth in revenue, profit and engine sales for Q2FY27.

Centrum Institutional Research has maintained a 'Buy' rating on Swaraj Engines, with a target price of Rs.4,500 against the current market price of Rs.3,621.55, implying an upside potential of around 24%.

According to a regulatory filing, Swaraj Engines' net profit rose 21.9% year-on-year (YoY) to Rs.60.57 crore in Q2FY27, compared with Rs.49.68 crore in the corresponding qua...