India's Varroc Engineering up most in near 1 yr after posting Q4 profit

Varroc Engineering

23/05/2023 10:44

** Shares of Varroc Engineering Ltd  VARE.NS  up as much as
10.7% at 327.30 rupees, their biggest intra day pct gain since
June 24
    ** Stock at highest level since Oct. 10, 
    ** Auto components maker swings to profit in March qtr from
a loss a year earlier
    ** Co's revenue from ops rises marginally  
    ** Over 1.4 mln shares change hands by 03:02 p.m. IST, 7.9x
the 30-day moving avg
    ** Nine of the 11 analysts covering the stock have a "buy"
or "strong buy" rating, while two rate it at "sell" or "strong
sell;" median PT is 351 rupees - Refinitiv data
    ** As of last close, stock down 0.4% so far this year



($1 = 81.7800 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))