News for Varroc Engineering Limited (VARROC.NS)

Indian markets closed lower as U.S. tariff threats on steel and aluminum imports dampened sentiment. The Sensex fell 548 points, while Nifty dropped 178 points. Analysts cite weak demand, margin pressures, and cautious investor outlook amid rising domestic yields.

Indian benchmark indices closed higher on Friday, driven by auto stocks, after last week's 5% drop. The Nifty 50 rose 0.27% to 23,813, and the BSE Sensex gained 0.29% to 78,699. Analysts suggest Nifty may consolidate between 23,500 and 23,900, with key resistance at 23,860 and support at 23,500, potentially targeting 24,000–24,100 if it breaks higher.

The Nifty index has formed a Doji candle near its 200-day exponential moving average (DEMA) support at 23,540, indicating uncertainty. Immediate support is at 23,500-23,540, with a break below 23,500 potentially targeting 23,300-23,200. While the short-term trend is down, a pullback rally remains possible if Nifty holds above 23,500, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

Stock Market today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for October 3, 2024

May 17, 2024 / 11:30AM GMTOperator Ladies and gentlemen, good day, and welcome to Varroc Engineering Q4 FY '24 earnings conference call hosted by Investec Capit

"On the daily chart, Nifty continues to move towards the upper Bollinger band. Additionally, the index has been sustaining above the critical near-term moving average. Sentiment may continue to favor the bulls as long as it remains above 24,650. On the other hand, the current rise might extend towards 25,000 in the near term," said Rupak De of LKP Securities.

Experts are hopeful of further uptrend towards 22,700-22,800 in the coming sessions, with support at 22,300-22,200 levels, and the volatility index diving to November 2023 lows

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.

Benchmark Sensex jumped 539 points while Nifty closed above 22,000 level on Thursday following buying in metal, power and energy shares and a rally in global markets after the US Fed projected three rate cuts this year.

Feb 07, 2024 / 11:30AM GMTOperator Ladies and gentlemen, good day, and welcome to Varroc Engineering Limited Q3 FY24 earnings conference call hosted by Equirus

Sep 13, 2023 / 05:30AM GMTAjay Kumar Sharma - Varroc Engineering Limited - Group General Counsel, Company Secretary & Compliance Officer Good morning, sharehold

Lemon Tree Hotels Ltd's step-down/material sub Iora Hotels Pvt Ltd has received Occupancy Certificate from MMRDA for hotel near Mumbai Int'l Airport. The 669-room hotel, named

Stocks to watch: Check out the companies making headlines before the opening bell today, on October 4, 2023.

Bharat Dynamics signs Rs 290.90 cr contract with IAF; Zydus Lifesciences gets EIR report from USFDA; Lemon Tree Hotels launches 8th property in Uttarakhand; Dr. Madhu Sasidhar appointed as Chief Strategy Officer of Apollo Hospitals; Tata Motors to increase prices of commercial vehicles by 3%; RBI approves re-appointment of Sashidhar Jagdishan as MD & CEO of HDFC Bank; Jio launches AirFiber services; Kajaria Ceramics enters into JV with UK Parts; LJIN Electronics forms JV with Nexxbase; Mindtree launches Testing as a Service for Oracle SaaS; Biocon appoints Peter Bains as Group CEO; TARC to issue Rs 191 cr NCDs; Welspun to liquidate part of assets; Varroc Engineering to sell plant & machineries; Valiant Organics files RHP for IPO; Sasken to invest in AI/5G/Power IP licensing; Captain Pipes to set up greenfield plant; Prakash Industries gets EC for Bhaskarpara Coal Mine; WPIL gets Rs 14.3 cr order from MoD; Indo Amines acquires land; NBCC gets Rs 150 cr order; JK Lakshmi Cement to source solar power; B & A to acquire Moheema Tea Estate; DCM Shriram enters into strategic collaboration; Sundaram Multi Pap to sell non-core asset; Mawana Sugars gets SEBI show cause notice. #Business #Contracts #Investments #Launches #Appointments #Orders #IPO #JVs #Clearances #Stoppages #AssetSale #SolarPower #ShowCauseNotice

Based on the open interest future percentage, there were 46 stocks including Metropolis Healthcare, Berger Paints, Dabur India, Dr Reddy's Laboratories, and Escorts in which a short-covering was seen

Nagaraj Shetti of HDFC Securities says the short term trend of Nifty continues to be negative and there is a possibility of some more weakness in the next 1-2 sessions before showing any convincing upside bounce from the lows.

Mazhar Mohammad of Chartviewindia.in said the selling at highs hints at the lack of conviction on the part of bulls to push Nifty50 higher.

Nifty futures were trading 21.80 points or 0.14 per cent down at 15,693.20 on Singaporean Exchange.

Stocks to watch out for today: Standard Industries, Lupin, KP Energy, Confidence Enterprises, and Cadila Healthcare