A Full-blown ‘Bull Market’?
The auto-components business has been doing badly for a couple of years. Varroc Engineering, an auto-components maker, reported a loss of Rs380 crore in the June quarter following a loss of Rs138 crore in the March quarter. That has, of course, nothing to do with the stock price. The stock was up 67% in a week, locked in upper circuit on Friday, 21st August. Shaily Engineering was struggling...
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