Varroc Engineering up 8% as HDFC AMC ups shareholding

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Varroc Engineering, Varroc Engineering shares, Varroc Engineering share price, Varroc Engineering stock, Varroc Engineering news, Varroc Engineering hdfc amc

NEW DELHI: Shares of

Varroc Engineering

jumped almost 8 per cent on Thursday as HDFC Asset Management Company took a 0.58 per cent stake in the company through open market transactions on Tuesday.

At 09:50 hours (IST) shares of Varroc Engineering were up 7.74 per cent at Rs 316.70 on the National Stock Exchange.

After the open market transaction, HDFC AMC’s shareholding in Varroc has climbed to 5.11 per cent from 4.53 per cent earlier.

Did you Know?

Stock score of Varroc Engineering Ltd moved up by 1 in a month on a 10-point scale.

View Latest Stock Report »

Stock Analysis

Stock score of Varroc Engineering Ltd is 3 on a scale of 10. View Stock Analysis »

The company, which manufactures and supplies precision components to automobiles (among other products) had reported a consolidated year-on-year loss of Rs 229 crore in April-June, with revenue from operations declining 19 per cent sequentially.

It is yet to report its earnings for July-September.

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