Daily Notifications as on 27th July 2020


1. Scrip code : 521070
Name : Alok Industries Ltd.
Subject : Clarification With reference to Movement in Volume,
Alok Industries Ltd has Clarified to BSE as under : “We refer to your email communications of 27 July 2020, 3 July 2020 and 21 May 2020 on the subject matter seeking an explanation for the spurt in the volume of our Company’s equity shares. In this regard, we reproduce our earlier response below. Besides the fact that the implementation of the approved Resolution Plan under the provisions of the Insolvency and Bankruptcy Code, 2016 is underway, details of which have been provided to your Exchange from time to time, there is nothing else of note to inform. Our stand that the increase in the volume of our security appears to be based on market speculation therefore continues to hold good.”

Endurane Technologies and Varroc Engineering Comparison

Endurance Technologies and Varroc Engineering Ltd are held by twin brothers; Anurang and Tarang Jain. Both these companies have counted Bajaj Auto Ltd which belongs to their uncle as their biggest customers.

Varroc Engineering Ltd Endurance Technologies Ltd
CMP 194.4 886
FV 1 10
IPO Offer Price 967 472
List price 1032 572
Market cap 2627 12474
52 Week H/L 525/119 1201/562
2020 Financials
Equity Capital 13.4 140.6
Networth 3004.5 3006
Total Debt 2600 548
Total Income 11220 7537
PAT 2.5 495
BV 224 214
P/BV 0.9 4.1
EPS 0.2 35.2
P/E 1042 25
Promoter’s Holding %  85 75

Amounts in Rs Crs except for Ratios or stated otherwise