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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-12-21||Varroc Engineering L..||Joindre Capital Services||671.00||1050.00||671.00 (-57.18%)||Buy|
Joindre Capital Services
Varroc Engineering Ltd. is a global tier-1 auto components supplier engaged in the design, manufacture and supply of auto exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components used in passenger cars, commercial vehicles, 2-wheelers (2W), 3-wheelers (3W), and off-highway vehicles (OHV) OEMs. Varroc Lighting Systems division is the sixth-largest supplier globally and one of the top three independent exterior lighting suppliers. Varroc's business consists 1) Global Lighting Business involved in design, manufacture and supply of exterior lighting for passenger cars,with the products sold to OEMs globally; 2) India Business involved in design, manufacture and supply of a variety of...
|2018-06-26||Varroc Engineering L..||Nirmal Bang||IPO Note|
Varroc Engineering Ltd (Varroc) is a global tier-1 automotive component company. It designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision...
|2018-06-26||Varroc Engineering L..||SMC online||IPO Avoid|
Varroc Engineering Limited is a global tier-1 automotive component group. The company designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to various automobile companies worldwide. It is the second largest Indian auto component group and a leading tier-1 manufacturer and supplier to Indian two-wheeler and threewheeler OEMs. The company has expanded in India through acquisitions, mergers, jointventures and has expanded its manufacturing and R&D; footprint by investing in nine manufacturing plants and an additional R&D; center in India since 2012. The company has two primary business lines: (1) the Global Lighting Business under which it design, manufacture and supply of exterior lighting systems to passenger cars OEMs worldwide...
|2018-06-25||Varroc Engineering L..||Angel Broking||IPO Note|
Varroc Engineering Ltd (VEL) is a tier-1 automotive component group. It designs, manufactures and supplies exterior lighting systems, plastic & polymer components, electricals-electronics components and precision metallic components to passenger cars, commercial vehicles, 2W, 3W and off highway vehicle OEMs directly worldwide. VEL has..
|2018-06-25||Varroc Engineering L..||Ventura||IPO Note|
|2018-06-23||Varroc Engineering L..||Choice India||IPO Note|
Strong competitive position in attractive growing markets Strong, long-standing customer relationships Comprehensive product portfolio Low cost, strategically located manufacturing and design footprint Robust in-house technology, innovation and R&D; capabilities...
|2018-06-22||Varroc Engineering L..||HDFC Securities||IPO Note|
IPO Note Varroc Engineering Ltd Issue Open: June 26 - June 28, 2018, Price Band: Rs. 965 - 967 (A discount of Rs. 48 per share to the eligible Employee), Issue Size: 20,221,730 Equity Shares (Entirely Offer for sale including Employee Reservation)
|2018-06-22||Varroc Engineering L..||ICICI Securities Limited||IPO Note|
ICICI Securities Limited
Varroc Engineering (VEL) founded in 1988, is second largest Auto component group with the global footprint. The company primarily has two business lines 1) Varroc Lighting System (VLS) sixth largest player in the global exterior Auto lighting catering to the PV OEMs (accounts for 61% of revenues) & 2) Varroc India business which includes three segments namely - Polymer, Electrical & Metallic catering to 2W, 3W, PV, CV & OHV (accounts for 32.5% of its FY18 revenue). It has low cost strategically located global manufacturing footprint (36 locations) & in-house R&D; capabilities. VEL has long standing...