Vakrangee Rolled above 12%, touched New Yearly High

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 18^th 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 10^th Nov ’16 whereas the lifetime low value is seen at Rs. 0.92 on 9^thMarch 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.

Credit Suisse bought shares in Vakrangee

IT Index performance

IT Index is in focus again as the Index is gradually recovering from its 26 week low of 10075.75 made on 29^th Feb 2016 and is currently trading at 10426. IT Index underperformed comparing to other NSE indices, where Benchmark Nifty rose 29% from its low of 6825 made on 29^th Feb 2016.

About Vakrangee

Vakrangee is a technology driven company, focusing on creating India’s largest network of last-mile retail points-of-sale, to potentially enable every Indian to seamlessly benefit from social inclusion, financial inclusion, Digital India, Employment, Skill Development, Government programmes and a wider access to basic goods and services.

Vakrangee Share Price Movement

Vakrangee share price is trading at Rs. 228.40. The stock has shown buying momentum from its recent low of Rs. 162.80 made on 18^th August 2016. The scrip has already given an up movement of 40% from its recent low.

NSE Delivery Position

As per NSE data on 14^th of Sep 2016 a huge delivery position was seen in Vakrangee with 12.46 lakh shares, double than its average delivery position. The stock traded in a range of 208-220(Low-High) level. Another huge delivery position was seen on 15^th Sep 2016 with 31.50 lakhs shares and stock traded in a range of 216-226.45 level. Therefore, 208 can be considered as good support for the stock.

Huge delivery position was seen in the stock on 6^th Sep, 7^th Sep, 14^th Sep and 15^th Sep. 

Large deal

Yesterday Newtree Trading Company Private Ltd (It is a Non-govt company and is registered at Registrar of Companies, Director of the company is Sunil Mohan Arya and Sudam Kanu Kathe) sold 44,25,000 shares at Rs 227 and Credit Suisse (Singapore) Ltd A/C Credit Suisse (Singapore) bought 44,25,000 shares of Vakrangee   at Rs 227 on the NSE.

Other important information on Vakrangee

• Vakrangee revenue jumped 4.72% in QoQ from Rs. 897.93 crs to Rs. 917.52 crs.
• Net Profit jumped 9.5% from Rs. 110.86 crs to Rs. 121.49 crs.
• Vakrangee Net Profit margin is 12.43%
• 52 Week High/Low – 231.00/ 104.75
• Vakrangee is trading at PE multiple of 28.03

If IT Index gives breakout of its weekly level of 10654 (3 Week High), then Vakrangee can be bought with the target of Rs.250.

Vakrangee Share Price climbs over 5 Per Cent

Vakrangee share price climbed over 5 per cent on NSE today. The stock opened at Rs.208.00 from a previous closing of Rs.207.55. At 12:08 pm, the day’s high of the stock stood at Rs.220.00 while the day’s low read at Rs.208.00. The total traded volume stands at 12,34,752 shares with a traded value of Rs.2,680.40 lac. 

The market cap of Vakrangee amounts to Rs.10983.47 (Cr) while the book value stands at 25.60. The P/E Ratio of the stock is recorded to be 25.59. The stock has an ADM or Average Daily Movement of 6.27. Its average volume of 20 days stands at 1129165 shares. Currently,Vakrangee share price is trading 5.88 per cent higher at Rs.219.75 on the National Stock Exchange (NSE).

Dynamic Levels analysts have identified Vakrangee as the top 500 performing stock.

Flashback on Q1, which Came Out Last Month:

The quarterly result of Vakrangee was announced on 27^th August 2016. The consolidated net profit of the company hiked 39.97 per cent to Rs.121.49 cr on 30.28 per cent rise in net sales to Rs.917.52 cr in Q1 June 2016 as compared to Q1 June 2015.

The total consolidated revenue from Vakrangee Kendra business segment increased 57.6 per cent to Rs.550.6 cr in Q1 June 2016 against Q1 June 2015. The percentage share of the total revenue of Vakrangee Kendra business increased to 60.4 per cent.

The company's consolidated EBITDA rose 16.5 per cent to Rs.221.50 cr in Q1 June 2016 against Q1 June 2015.

To know more about the stock, please visit Vakrangee share price history