Expect demand to recover by Q2; bring down net debt levels: Varroc's TR Srinivasan

Mini

“Global lighting system business is going through a challenging phase at this moment. It is faced by semiconductor shortage, which has led to the passenger vehicle volumes globally coming down,” said TR Srinivasan, Group CFO, Varroc in an interview with CNBC-TV18.

Market Movers

CompanyPriceChange%Gain
Maruti Suzuki7,432.70 167.30 2.30
Titan Company1,782.55 25.55 1.45
Bajaj Finserv12,282.25 150.60 1.24
ONGC123.35 1.30 1.07
M&M781.95 6.75 0.87
CompanyPriceChange%Gain
Maruti Suzuki7,432.95 169.20 2.33
Titan Company1,783.00 26.20 1.49
Bajaj Finserv12,280.80 147.75 1.22
M&M781.90 6.50 0.84
UltraTechCement6,903.70 47.20 0.69
CompanyPriceChange%Loss
Adani Ports718.70 -24.20 -3.26
Wipro540.15 -16.40 -2.95
Divis Labs4,224.60 -64.15 -1.50
JSW Steel665.50 -9.75 -1.44
Larsen1,479.25 -19.95 -1.33
CompanyPriceChange%Loss
Kotak Mahindra1,736.80 -23.20 -1.32
Larsen1,479.80 -19.35 -1.29
Tata Steel1,099.80 -13.75 -1.23
TCS3,262.10 -38.55 -1.17
Axis Bank732.40 -7.20 -0.97

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.2700-0.0950-0.13
Euro-Rupee88.6390-0.0960-0.11
Pound-Rupee103.6440-0.0240-0.02
Rupee-100 Yen0.6689-0.0031-0.45