Vakrangee was up 0.82% to Rs 263.80 at 12:43 IST on BSE after Credit Suisse (Singapore) accumulated bulk shares of the company on the NSE yesterday, 10 November 2016.
Meanwhile, the S&P BSE Sensex was down 457.13 points or 1.66% at 27,060.55.
On BSE, so far 3.80 lakh shares were traded in the counter as against average daily volume of 12.44 lakh shares in the past two weeks. The stock hit a high of Rs 264.45 and a low of Rs 259.70 so far during the day. The stock had hit a record high of Rs 264.90 yesterday, 10 November 2016. The stock had hit a 52-week low of Rs 114.10 on 10 November 2015.
The large-cap company has equity capital of Rs 52.92 crore. Face value per share is Rs 1.
Newtree Trading Company liquidated 43.60 lakh shares of Vakrangee at an average price of Rs 252.03 per share in a bulk deal on the NSE on 10 November 2016. Credit Suisse (Singapore) purchased 38.32 lakh shares at Rs 252 a piece.
On a consolidated basis, Vakrangee's net profit rose 31.4% to Rs 126.36 crore on 21.8% growth in net sales to Rs 959.01 crore in Q2 September 2016 over Q2 September 2015.
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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, ecommerce and logistics 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.
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