Vakrangee drops after bulk deal

Vakrangee lost 3.73% to Rs 176.65 at 13:25 IST on BSE after a bulk deal of 18.09 lakh shares was executed on the scrip at Rs 173.30 per share at 09:29 IST on BSE today, 2 June 2016.

Meanwhile, the BSE Sensex was down 25.72 points, or 0.1%, to 26,688.21

Bulk deal boosted volume on the scrip. On BSE, so far 28.65 lakh shares were traded in the counter, compared with an average volume of 7.01 lakh shares in the past one quarter. The stock hit a high of Rs 182.10 and a low of Rs 172 so far during the day. The stock hit a record high of Rs 228.90 on 9 March 2016. The stock hit a 52-week low of Rs 86.55 on 3 June 2015. The stock had underperformed the market over the past one month till 1 June 2016, falling 6.5% compared with 4.32% gains in the Sensex. The scrip had also underperformed the market in past one quarter, falling 13.97% as against Sensex's 12.34% gains.

The mid-cap company has an equity capital of Rs 52.92 crore. Face value per share is Re 1.

Vakrangee's consolidated net profit rose 45.3% to Rs 110.80 crore on 25.9% rise in net sales to Rs 879.93 crore in Q4 March 2016 over Q4 March 2015.

Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, e-commerce and ATM services to the unserved-rural, semi-urban and urban markets. These retail touch points are called as Vakrangee Kendra which act as the One-stop shop for availing various services and products.

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