Vakrangee drops after bulk deal

Vakrangee fell 1.09% to Rs 195.10 at 13:12 IST on BSE after a bulk deal of 6.22 lakh shares was executed on the scrip at Rs 196.70 per share at 09:33 IST on BSE.

Meanwhile, the S&P BSE Sensex was down 65.08 points, or 0.23%, to 27,770.83

Bulk deal boosted volume on the scrip. On BSE, so far 20.96 lakh shares were traded in the counter, compared with average daily volume of 20.73 lakh shares in the past one quarter. The stock hit a high of Rs 198.45 and a low of Rs 194.65 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 86.95 on 26 August 2015. The stock had outperformed the market over the past 30 days till 25 August 2016, rising 3.73% compared with Sensex's 0.67% fall. The scrip had also outperformed the market in past one quarter, advancing 10.85% as against Sensex's 4.44% rise.

The large-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.

Powered by Capital Market - Live News