Vakrangee surged 8.44% to Rs 97.60 at 10:13 IST on BSE on bargain hunting after sliding 41.69% in preceding five trading days.
Meanwhile, the BSE Sensex was down 24.57 points, or 0.09%, to 26,007.81
On BSE, so far 5.79 lakh shares were traded in the counter, compared with an average volume of 7.20 lakh shares in the past one quarter.
The stock hit a high of Rs 98 and a low of Rs 86.95 so far during the day. The stock hit a record high of Rs 172.40 on 10 August 2015. 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 25 August 2015, sliding 44.75% compared with 7.4% fall in the Sensex. The stock had also underperformed the market in past one quarter, declining 18% as against Sensex's 5.83% decline.
The mid-cap company has an equity capital of Rs 50.42 crore. Face value per share is Re 1.
Shares of Vakrangee had dropped 41.69% in preceding five trading days to settle at Rs 90 yesterday, 25 August 2015 from a recent high of Rs 154.35 on 18 August 2015.
On 22 August 2015, Vakrangee announced partnership with MYPACCO, an online solutions provider. Partnership with MYPACCO will allow it to offer convenient access to domestic as well as international courier services at competitive prices to citizens in their neighborhood.
Vakrangee's consolidated net profit rose 11.39% to Rs 84.94 crore on 1.01% rise in total income to Rs 706.33 crore in Q1 June 2015 over Q4 March 2015.
Vakrangee is a technology driven company, focusing on creating India's largest network of last-mile retail points-of-sale, to potentially enable every Indian to seamlessly benefit from financial inclusion, Government programmes and from a wider access to basic goods and services.
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