Varroc Engineering Ltd. key Products/Revenue Segments include Auto Parts, Steel Forgings, Polymer Products, Tools, Scrap, Sale of services, Other Operating Revenue, Wind Power, Export Incentives, Job Work for the year ending 31-Mar-2023.
When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
Axis Securities recommends accumulating Varroc Engineering in the Rs 540-530 range, with a target price of Rs 595, offering an upside potential of 11-15 percent.
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