Vakrangee rose 0.87% to Rs 180.30 at 11:44 IST on BSE as Credit Suisse (Singapore) bought 40 lakh shares of the company at an average price of Rs 173.80 per share via bulk deal mechanism on the NSE yesterday, 16 August 2016.
Meanwhile, the S&P BSE Sensex was up 24.38 points or 0.09% at 28,088.99.
On BSE, so far 1.71 lakh shares were traded in the counter as against average daily volume of 19.89 lakh shares in the past one quarter. The stock hit a high of Rs 181.90 and a low of Rs 178.95 so far during the day. The stock had hit a record high of Rs 228.90 on 9 March 2016. The stock had hit a 52-week low of Rs 86.95 on 26 August 2015. The stock had underperformed the market over the past one month till 16 August 2016, sliding 10.02% compared with 0.82% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 1.65% as against Sensex's 9.4% rise.
The mid-cap company has equity capital of Rs 52.92 crore. Face value per share is Rs 1.
Vakrangee's consolidated net profit rose 45.3% to Rs 110.80 crore on 25.9% rise in net sales to Rs 879.93 crore in Q4 March 2016 over Q4 March 2015.
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, e-commerce and ATM services to the unserved-rural, semi-urban and urban markets. These retail touch points known as Vakrangee Kendra act as one-stop shop for availing various services and products.
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