Vakrangee share price surged 12 per cent to Rs 280, also touched its yearly high value at Rs. 284.60. The company had registered a 31 per cent year on year (Y-o-Y) growth in consolidated net profit at Rs 126 crore for the quarter ended on September 30, 2016 (Q2FY17). Total operational income increased 22 per cent at Rs 959 crore on Y-o-Y basis.
Vakrangee has been appointed as Business Correspondent (BC) by different banks under the “Common BC” and “National BC” agreements, with a contract period of 5 + 2 years. Moving forward, the company aims to concentrate on Vakrangee Kendra outlet business which at present contributes approximately 60 per cent of the total revenues. Vakrangee Kendra business has low capex requirement and low working capital requirement.
Vakrangee is a technology driven company focused on building India's biggest 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.
On 18th Nov,Vakrangee share price is trading above 6 per cent at Rs. 264.50. The stock touched the day’s low value at Rs. 249.00. Throughout the entire day around 19,63,677 shares exchanged hands on the National Stock Exchange with a traded value of Rs. 5009.14 lacs.
The stock touched its lifetime high value at Rs. 265.00 on 10th Nov ’16 whereas the lifetime low value is seen at Rs. 0.92 on 9thMarch 2009. Vakrangee is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Vakrangee is fundamentally strong and is safe for investment, as per Dynamic analysts. In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Vakrangee share price history.
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