Vakrangee hits 5% upper circuit as govt finds no irregularity in its books

Vakrangee's stock took a severe hit in 2018 ending the year at Rs 33.35, falling 92 per cent during the year from Rs 421.

Shares of Vakrangee hit an upper circuit of 5 per cent at Rs 37.90 on the BSE in early trade on Thursday after an inspection ordered by the Ministry of Corporate Affairs (MCA) into the accounts and operations of the company found no irregularity in matters pertaining to the resignation of its auditor, abnormal trading in the company’s stock, among other issues, the company said in its BSE filing.

At 10:34 am, the stock was locked in the 5 per cent upper circuit at Rs 37.90 on the BSE. In comparison the S&P BSE Sensex was at 36,239, up 26