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Vakrangee advances after bulk deal

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Capital Market

Vakrangee rose 1.94% to Rs 133.45 at 11:31 IST on BSE after a bulk deal of 10.33 lakh shares was executed on the scrip at Rs 130.55 per share at 09:57 IST on BSE today, 14 October 2015.

Meanwhile, the BSE Sensex was down 14.23 points, or 0.05%, to 26,832.30

On BSE, so far 19.05 lakh shares were traded in the counter, compared with an average volume of 6.28 lakh shares in the past one quarter.

The stock hit a high of Rs 135.40 and a low of Rs 129.45 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 outperformed the market over the past one month till 12 October 2015, rising 21.3% compared with 5.05% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 8.71% as against Sensex's 2.74% decline.

The mid-cap company has an equity capital of Rs 50.42 crore. Face value per share is Re 1.

Vakrangee's consolidated net profit rose 11.5% to Rs 84.94 crore on 3.6% rise in total income to Rs 706.33 crore in Q1 June 2015 over Q1 June 2014.

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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First Published: Oct 14 2015 | 11:37 AM IST

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