Varun's wind plant project has been set up in collaboration with Suzlon Energy. They export stainless stell products to almost all part of the world. There pertoleum division is fast booming. Will definitely give profit to investors.
P-NOTES BROKERAGE Varun Industries is highly vulnerable to exchange rate fluctuations. Rupee has appreciated by 14.1 per cent over the last year. Varun Industries has a high leverage of 3.4 times and low interest coverage of 2 times, which we believe could be a major concern for the company's future plans and fund raising abilities. We also note the execution risks related to entering the Indian market. New businesses like iron ore mining and oil & gas drilling, wherein the company has no experience,” the Keynote report says.
positive is that some big broker are behind this IPO marketing so it will succeed to subscribe.
Hi friends,do u actually mean when u say this stock is hot or worst or just that u have applied for it so u r trying to make it hot? Regarding varun industries,it was incorporated in 1989 but restructured in 1996. Last year its annual turnover was around 75 million USD and to mention,its the largest manufacturer* and exporter* of stainless steel cookware in India. It can give 50% return on opening means u can expect a price of 90 per share on opening,but I personally would suggest you all to get ready for Mundra ports IPO as it will come out as a multibagger.
where Can I find the day by day subscritpion status of this IPO, I am not able to find in www.chittorgarh.com under varunindustries IPO section, please suggest where can I find the info.
Avoid Varun Industries. Hot stock tip at current price, buy Chandni Engg, a money magic will be come out in 2 months.Paisa hi paisa ayega.All the best.