NEW DELHI, July 6: Jeera prices fell by Rs 195 to trade at Rs 18,690 per quintal in futures market today as speculators trimmed positions to book profits at prevailing levels amid lower domestic and exports demand.
Also, ample stock positions following higher supplies from the producing regions fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery this month fell Rs 195, or 1.03 per cent, to trade at Rs 18,690 per quintal with an open interest of 2,568 lots.
Similarly, the spice for delivery in August moved down by Rs 160, or 0.84 per cent, to Rs 18,900 per quintal in 4,593 lots.
Analysts said, besides profit-booking by speculators at existing levels, a fall in demand at the spot market against adequate stock positions, kept pressure on jeera futures. (PTI)
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BIZ-STOCKS-VARROC
Varroc Engineering shares jump nearly 7 pc in debut trade
NEW DELHI, July 6:
Shares of auto component maker Varroc Engineering made a smart debut at the bourses today, surging nearly 7 per cent against the issue price of Rs 967.
The stock debuted at Rs 1,032, reflecting a jump of 6.72 per cent from the issue price on the BSE.
On the NSE, shares of the company opened the day at Rs 1,015, surging 4.96 per cent.
The company’s market valuation stood at Rs 13,889.63 crore.
In terms of equity volume, 17.39 lakh shares of the company were traded on the BSE and over one crore shares changed hands at the NSE during the morning trade.
The company’s Rs 1,955-crore IPO was subscribed 3.6 times during June 26-28.
Price band for the offer was fixed at Rs 965-967 per share.
Varroc Engineering supplies auto parts to Jaguar Land Rover, Bentley, Audi and Harley Davidson. Besides, it supplies auto parts to giants such as Volkswagen, Ford, Honda and Bajaj Auto.
Founded in 1990 in Aurangabad, Varroc is an automotive component manufacturer and supplier of exterior lighting systems, power-trains, electrical and electronics, body and chassis parts to passenger cars and motorcycle segments worldwide. (PTI)
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