India's Varroc Engineering falls as Citi flags rare-earth disruption
ReutersAug 8, 2025 5:42 AM
Shares of Varroc Engineering VARE.NS fall 3.7% to 533 rupees
Stock gained nearly 5% after reporting Q1 profit rise on Thursday
Citi maintains "sell" rating, cuts TP to 480 rupees from 510 rupees
Auto parts maker missed Citi EBITDA margin view
Citi cautious on near-term outlook, citing rare-earth material disruption impacting EV growth
Trading volume at 230,000 shares so far, 1.2x 30-day avg
VARE rated "hold" by 5 analysts on average; median TP is 587 rupees – data compiled by LSEG
Stock down 9.3% YTD
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