DSIJ Mindshare

The stock is up by 57 per cent from its 52-week low of Rs 381.90 per share.

The shares of the company have delivered a return of over 120 per cent to its shareholders.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 239.80 per share.

According to the quarterly results, the net sales increased by 10.08 per cent to Rs 1,792.41 crore and operating profit increased by 48 per cent to Rs 188.17 crore in Q1FY24 compared to Q1FY23. The company reported a net profit of Rs 27.98 crore in Q1FY24 compared to a net loss of Rs 79.64 crore in Q1FY23.

Varroc Engineering Ltd incorporated in 1988, is the flagship company of the Aurangabad-based Varroc Group. Varroc is a global tier-1 automotive component group. It is engaged in the business of manufacturing and supplying automobile components to a wide range of OEMs across the globe.