Varroc Engineering Ltd Share Price (VARROC)
₹508.95▲0.01%
Varroc Engineering Ltd share Performance
- ₹495.4₹518.55₹508.95
2.66%
Low
Day's Volatility:4.55%
High
1.89%
- ₹263.1₹632₹508.95
48.31%
Low
52 Weeks Volatility:72.48%
High
24.18%
| Returns % | |
| 1 Month Return | 4.53 % |
| 3 Month Return | -3.55 % |
| 1 Year Return | 89.46 % |
| Market Stats | |
| Previous Close | ₹508.90 |
| Open | ₹501.00 |
| Volume | 1.60L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹7,775.30Cr |
Analyst Rating for Varroc Engineering Ltd stock
based on 6 analysts
Based on 6 analysts offering long term price targets for Varroc Engineering Ltd. An average target of ₹575.5
Source: S&P Global Market Intelligence
Company Information
Varroc Engineering's top products include headlamps, tail lamps, fog lamps, mirrors, and instrument clusters. The company also manufactures a range of plastic and polymer components, such as bumpers, spoilers, fuel tanks, and interior trim.
Share Price: ₹508.95 per share as on 19 Apr, 2024 04:01 PM
Market Capitalisation: ₹7,775.30Cr as of today
Revenue: ₹1,884.59Cr as on December 2023 (Q4 23)
Net Profit: ₹383.89Cr as on December 2023 (Q4 23)
Listing date: 06 Jul, 2018
Chairperson Name: TARANG JAIN
| Organisation | Varroc Engineering Ltd |
| Headquarters | |
| Industry | Auto Ancillaries |
| E-voting on shares | Click here to vote |
Key events for Varroc Engineering Ltd
Varroc Appoints CTO for India Operations - 15 Apr, 2024
Varroc Engineering has appointed Fritz Abraham as the Chief Technology Officer (CTO) for its India operations. In his new role, Abraham will be responsible for developing a technology strategy and roadmap for product portfolio optimization, enhancing process optimization and industrialization, and increasing technical customer engagement.
Varroc Engineering Continues to Supply Lighting System for Tesla - 12 Apr, 2024
Varroc Engineering has been supplying the entire lighting system for Tesla Model S and Model X since 2017. The company is one of the top names on the list if Tesla plans to set up a manufacturing plant in India. However, the shares of the company were trading in the red.
Varroc Engineering Ltd Stock Shows Breakout Above Anchor VWAP Resistance Mark - 09 Apr, 2024
Varroc Engineering Ltd stock has broken out above its Anchor VWAP resistance mark of 535 and is expected to rally upwards with a low-risk stop loss of 500 for potential targets of 625 and above.
Varroc Engineering Gains 118%, Axis Securities Issues Buy Call - 03 Apr, 2024
Varroc Engineering's stock surged by 10% this week, bringing its one-year gains to 118%. Axis Securities issued a buy call with a target price of Rs 613 and the company reported a net profit after tax of Rs 358.82 crore in the latest quarter.
Varroc Engineering Shares Surge After Breakout - 02 Apr, 2024
Varroc Engineering's stock saw significant volume activity and surged 8% following an Inverted Head and Shoulders breakout, with Axis Securities setting target prices at Rs 595 and Rs 613.
Kotak Raises Target Price for Varroc Engineering - 19 Mar, 2024
Kotak has revised its target price upwards to Rs 500 from Rs 460, with increased EPS estimates and strong order wins in polymer business. The stock has returned 76% over a 1-year period and 13% in 2024 so far.
Varroc Engineering Receives Positive Rating from Kotak Institutional Equities - 18 Mar, 2024
Kotak Institutional Equities has assigned an Add rating on Varroc Engineering due to attractive valuations and expected outperformance in two-wheeler and passenger vehicle segments. Additionally, Kotak upgraded its rating on auto component makers, including Varroc Engineering, citing steady demand trends in the two-wheeler segment and positive prospects for premiumisation and shift towards electric vehicles.
Fundamentals of Varroc Engineering Ltd
Insights on Varroc Engineering Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTMF Holding Up
Mutual Funds have increased holdings from 9.44% to 9.66% in Mar 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 4 quarters, 1.71K Cr → 1.91K Cr (in ₹), with an average increase of 3.6% per quarter
- POSITIVE IMPACT
Price Rise
In the last 1 year, VARROC stock has moved up by 89.5%
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 3 quarters, 32.26 Cr → 382.69 Cr (in ₹), with an average increase of 63.2% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 75.00% of holdings in Mar 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Cummins India Ltd has given 271.9% return, outperforming this stock by 222.3%
- NO EFFECT
Against Peers
In the last 1 year, Cummins India Ltd has given 108.1% return, outperforming this stock by 18.7%
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 4.57% to 4.22% in Mar 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 8.99% to 8.63% in Mar 2024 quarter
Varroc Engineering Ltd Valuation
Varroc Engineering Ltd in the last 5 years
Lowest (-12.98x)
December 4, 2020
Today (15.28x)
April 18, 2024
Industry (57.94x)
April 18, 2024
Highest (9900.00x)
June 25, 2020
Mutual Fund Holdings
| Funds | Holdings |
 Nippon India Focused Equity Fund - Direct Plan - Growth Option | 2.65% |
 HDFC Flexi Cap Fund -Direct Plan - Growth Option | 0.35% |
| Nippon India Multi Cap Fund - Direct Plan - Growth | 0.55% |
 Mahindra Manulife Small Cap Fund Direct Growth | 1.22% |
 Tata ELSS Tax Saver Fund Growth Direct Plan | 0.93% |
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 75% | 0.00 | |
| Foreign Institutions | 4.22% | 0.00 | |
| Mutual Funds | 9.66% | 0.00 | |
| Retail Investors | 8.63% | 0.00 | |
| Others | 2.49% | 0.00 |
Technicals of Varroc Engineering Ltd share
News & Events of Varroc Engineering Ltd
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Varroc Engineering Ltd (VARROC) share price today is ₹508.95
Varroc Engineering Ltd is listed on NSE
Varroc Engineering Ltd is listed on BSE
- Today’s highest price of Varroc Engineering Ltd is ₹518.55.
- Today’s lowest price of Varroc Engineering Ltd is ₹495.4.
PE Ratio of Varroc Engineering Ltd is 15.28
PE ratio = Varroc Engineering Ltd Market price per share / Varroc Engineering Ltd Earnings per share
Today’s traded volume of Varroc Engineering Ltd(VARROC) is 1.60L.
Today’s market capitalisation of Varroc Engineering Ltd(VARROC) is ₹7775.3Cr.
| Varroc Engineering Ltd(VARROC | Price |
|---|---|
52 Week High | ₹632 |
52 Week Low | ₹263.1 |
Varroc Engineering Ltd(VARROC) share price is ₹508.95. It is down -19.47% from its 52 Week High price of ₹632
Varroc Engineering Ltd(VARROC) share price is ₹508.95. It is up 93.44% from its 52 Week Low price of ₹263.1
| Varroc Engineering Ltd(VARROC | Returns |
|---|---|
1 Day Returns | 0.05% |
1 Month Returns | 4.53% |
3 Month Returns | -3.55% |
1 Year Returns | 89.46% |