India's Varroc Engineering hits over 1-yr high on stake buy in SPVs

Varroc Engineering

07/09/2023 06:21

** Shares of auto parts maker Varroc Engineering  VARE.NS 
rise as much as 8.03% to 451.95 rupees, logging sharpest
intraday pct gain in four weeks
    ** VARE hits highest level since May 2, 2022
    ** VARE says said co, units enter power purchase agreement
to buy 26% stake in special purpose vehicles 
    ** More than 784,000 shares change hands by 10:38 a.m. IST,
1.2X the 30-day avg 
    ** Stock up ~41% this year, as of last close

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))