ICICI Securities: Improving Outlook To Raise Varroc Engineering’s Investor Confidence

Varroc Engineering is poised for earnings rebound in H2 FY21 after multiple challenges in FY20, ICICI Securities says.

ICICI Securities

26 Aug 2020, 03:30 PM IST

Gear wheels sit in a rack of an automotive component washing machine at the Mahindra & Mahindra manufacturing plant in Chakan, Maharashtra, India. (Photographer: Dhiraj Singh/Bloomberg)

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ICICI Securities: Improving Outlook To Raise Varroc Engineering’s Investor Confidence

Varroc Engineering is poised for earnings rebound in H2 FY21 after multiple challenges in FY20, ICICI Securities says.

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