Vakrangee Softwares surges on bagging orders from BoB

Company has bagged financial inclusion project from the Bank of Baroda

Vakrangee Softwares has surged 8% at Rs 49.75 after Vakrangee Finserve Limited (VFL), a wholly owned subsidiary of Vakrangee Softwares has bagged financial inclusion project from the Bank of Baroda. From the project, VFL targets to achieve approximately Rs 1,258 crores during the tenure of five years.

Under the scope of work, VFL as business correspondent shall provide enrollment of customers including collection of biometric and other details, provide card.

In the intraday deal, the stock opened at Rs 47.50 and made a high of Rs 54.80. Around 633,666 shares were traded in BSE.