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Varroc Engineering wins contract for EV wall chargers

after close1 source ↓written by the desknot a recommendation

announced
6 Feb 2026
USD 48 million
₹4,391 million

Varroc Engineering has secured a strategic contract to supply AC-Bi Directional Wall Chargers to a leading global Electric Vehicle OEM. The program, announced on 6 Feb 2026, is expected to last six years with peak annual revenue of approximately ₹4,391 million (USD 48 million). This move strengthens Varroc's position in the electric vehicle component market.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 6 Feb 2026, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

VARROC closed −3.0% on the day of the news, from ₹573.45 to ₹556.55; Nifty +0.7% over the same session.

Bulletin at 16:05 IST on 6 Feb 2026. Every change is measured from ₹573.45, the last close before it, on 6 Feb. Nifty 50 is measured over the same sessions.

  • VARROC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
VARROC closes around the bulletin against the close before the news, with Nifty 50 rebased to it475.28573.45671.62axis spans 41%before the news · 6 Feb573.45Nifty 50VARROCbulletinD0+1+3+52 Feb12 Feb23 FebReference close ₹573.45. 16 sessions from 2 Feb to 23 Feb; the price axis spans 41 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before6 Feb₹573.45basebase
On the day9 Feb₹556.55▼ −3.0%▲ +0.7%−3.6 pp difference
+1 session10 Feb₹554.35▼ −3.3%▲ +0.9%−4.3 pp difference
+3 sessions12 Feb₹574.00▲ +0.1%▲ +0.4%−0.3 pp difference
+5 sessions16 Feb₹562.30▼ −1.9%0.0%−1.9 pp difference
Gap at the open, % · ₹
▲ +0.3%+1.95 on 9 Feb
Day's range, % · ₹
4.5%≈ 26 high to low
Volume on the day
1.49×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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