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VARROC LIGHTING SYSTEM
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 27% in 1 yearAfter the correction, the street will reach a stage where, if a company delivers numbers, there will be enough money waiting to move into t...- Multibagger or IBC (Series: AA 125), Part 3: Inside a powerhouse with R&D capabilitiesHere is an excerpt from the 2018-19 annual report of the company: “We have completed development of Traction Motor and Controller with prot...
- EV adaptability to decide winner: 5 auto ancillary stocks with upside potential of up to 27%Few weeks back an auto ancillary major announced the opening of two plants for Electric Vehicle space only. Probably this is just the begin...
- Varroc sells its US, EU four wheeler lighting business to Plastic Omnium for 600 million eurosThe 600 million euro transaction will see Varroc divesting its lighting System operations in the USA, Brazil, Mexico, Poland, Czech Republi...
- Varroc Engineering to sell Europe, Americas 4-wheeler lighting biz for $631 mn; stock zooms 20%According to the release, the deal has been sealed for 600 million Euros (about Rs 4,831.8 crore), wherein Varroc will be divesting its lig...
- Varroc looking to sell global lighting business for up to $650 millionThe company has brought on board a European investment bank based in Paris a few months ago to look for buyers for its global lighting busi...
- Varroc may soon bounce back from stock slumpThe situation is likely to improve given the rising share of business from other clients.
- Varroc to cut overseas capex plans by 20-25%The group will be pruning its Rs 700-crore annual investment in foreign operations by 20-25%, resulting in the rationalisation of Rs 140-17...
- Varroc Engineering shares jump nearly 8% in debut tradeAs many as 22.75 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE.
- Varroc Engineering lists at 6.7% premium over issue priceThe initial public offering was subscribed 3.6 times led by strong institutional demand.
- Varroc Engineering to debut on bourses todayThe company's Rs 1,955-crore IPO was subscribed 3.6 times during June 26-28.
- Varroc Engineering IPO overall subscribed 3.6 timesThe offer got fully subscribed on Tuesday.
- Varroc Engineering IPO gets fully subscribed on Day 2, sees good QIB demandThe IPO will close on June 28. At the upper end of the price band, the issue will fetch Rs 1,955 crore.
- Varroc Engineering IPO kicks off; here's what top brokerages are sayingVarroc Engineering is a global tier-1 automotive component group.
- Growing LED market, right price make Varroc Engineering a good buyThe company has 36 plants across the world, of which 25 are in India.
- RITES, Fine Organic IPOs close today; 4 more coming next weekExcept for Varroc Engineering, the other three will be SME offerings.
- Varroc Group banks on changing regulations to sustain double digit growthThe company had earlier set itself a turnover target of Rs 20,000 crore by fiscal 2021, which means it will have to grow at a compounded an...
- Auto component firm Varroc Engineering may file IPO papers by March endAuto industry veteran Rahul Bajaj's nephew Tarang Jain is the MD of Varroc Engineering.
- Auto components firm Varroc gears up for next phase of growthThe Aurangabad-based Varroc has appointed Ashwani Maheshwari as CEO for its India business from April 2018.
- Auto parts makers open up Rs 5000 crore investment to meet rising demandA key supplier to Maruti Suzuki, JBM Group plans to invest Rs 1,000 crore over four years for capacity expansion and new businesses.
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