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Varroc Engineering hits 52-week low on growth concerns; dips 18% in 1 month

The management expects the semiconductor shortage situation to affect operations in Q2 as well

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.
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Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.

SI Reporter Mumbai
Shares of Varroc Engineering hit a 52-week low of Rs 264, down 3 per cent on the BSE in the intra-day trade on Monday, on a growth concerns. The stock of the auto parts & equipment company has fallen below its previous low of Rs 270.40, touched on September 7, 2021.

The group designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle OEMs directly worldwide.

In the past one month, the stock of Varroc Engineering has underperformed the market by