Vakrangee corrects on profit booking

Vakrangee hit a lower circuit limit of 5% at Rs 233.20 at 14:35 IST on BSE on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was down 346.39 points, or 1.02% to 33,664.37.

On the BSE, 56.39 lakh shares were traded in the counter so far compared with average daily volumes of 4.05 lakh shares in the past one quarter. The stock had hit a high of Rs 257.70 and a low of Rs 233.20 so far during the day. The stock hit a record high of Rs 515.40 on 24 January 2018. The stock hit a 52-week low of Rs 153.75 on 10 March 2017.

The stock had underperformed the market over the past 30 days till 16 February 2018, falling 43.82% compared with 3.54% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 25.44% as against Sensex's 2% rise. The scrip had outperformed the market in past one year, rising 57.56% as against Sensex's 19.47% rise.

The large-cap company has equity capital of Rs 105.88 crore. Face value per share is Re 1.

Shares of Vakrangee surged 27.57% in five trading sessions to settle at Rs 245.45 on Friday, 16 February 2018, from its close of Rs 192.40 on 8 February 2018.

On a consolidated basis, net profit of Vakrangee rose 87.50% to Rs 246.66 crore on 84.13% rise in net sales to Rs 1802.42 crore in Q3 December 2017 over Q3 December 2016.

Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail outlets to deliver real-time banking, insurance, e-governance, e-commerce and logistics services to the unserved & underserved rural, semi-urban and urban markets.

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