Vakrangee Softwares hits record high on strong buying support

Meanwhile, the S&P BSE Sensex was down 53.97 points, or 0.28%, to 19,169.31.

On BSE, 4.19 lakh shares were traded in the counter as against an average daily volume of 9.78 lakh shares in the past one quarter.

The stock hit a high of Rs 79.85 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 75.05 so far during the day. The stock had hit a 52-week low of Rs 35 on 26 June 2012.

The stock had outperformed the market over the past one month till 18 June 2013, rising 1.28% compared with the Sensex's 5.24% fall. The scrip had also outperformed the market in past one quarter, rising 11.62% as against Sensex's 0.36% fall.

The mid-cap company has an equity capital of Rs 50.30 crore. Face value per share is Re 1.

Vakrangee Softwares announced during trading hours on Monday, 17 June 2013, that its promoter group firms, Vakrangee Holdings and Vakrangee Capital, acquired an additional 4.53% stake in the company through open market between 13 May 2013 and 13 June 2013. After the latest acquisition, total promoters' share holding in the company stands at 38.80%.

Shares of Vakrangee Softwares rose 0.60% to Rs 75.20 on Monday, 17 June 2013. However, it fell 0.40% to Rs 74.90 on Tuesday, 18 June 2013.

Net profit of Vakrangee Softwares rose 59.41% to Rs 31.58 crore on 3.12% rise in net sales to Rs 466.08 crore in Q4 March 2013 over Q4 March 2012.

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