Citi Keeps Their Sell Rating on Varroc Engineering Limited (VARROC)
In a report released on May 30, Arvind Sharma from Citi maintained a Sell rating on Varroc Engineering Limited (VARROC – Research Report), with a price target of INR510.00. The company's shares closed last Friday at INR528.65.
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Sharma covers the Consumer Cyclical sector, focusing on stocks such as Eicher Motors Limited, Exide Industries Limited, and Hero Motocorp Limited. According to TipRanks, Sharma has an average return of 2.7% and a 54.17% success rate on recommended stocks.
Currently, the analyst consensus on Varroc Engineering Limited is a Moderate Buy with an average price target of INR525.00.
Based on Varroc Engineering Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR18.99 billion and a net profit of INR324.06 million. In comparison, last year the company earned a revenue of INR17.92 billion and had a net profit of INR322.57 million
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