India's Sansera Engineering hits record high on chip supply ecosystem hopes

Shares of precision-engineered components maker Sansera Engineering jumped as much as 4.95% to a record 4,509.80 rupees. Goldman Sachs Research said investments by global semiconductor capital equipment manufacturers in India to develop a local supplier ecosystem were seen contributing to Sansera's higher-margin Advanced Design System component supply business. The brokerage has a "Buy" rating and raised its target price to a street high of 4,990 rupees from 4,500 rupees.