Vakrangee Softwares has soared 13% to Rs 62.70, extending its over 3% gain, after the company said its promoters have increased their stake by almost 5% through an open market transaction.
“Vakrangee Holdings Private Limited (formerly NJD Holdings Private Limited), one of the promoters of Vakrangee Softwares has acquired shares aggregating to 4.57% of share capital of the company through open market during the period September 10, 2012 to September 25, 2012,” the company said in a filing. Post this current acquisition, the total promoters' share holding in the company stands at 34.41%, it added.
The stock currently trading at its lifetime high has rallied 46% from Rs 43.20 since September 10, as compared to 6% rise in the benchmark Sensex. Today, the stock opened at Rs 56 and has seen 1.02 million shares changing hands on the counter till noon deals on both the exchanges.
