Vakrangee soars on the bourses

Vakrangee is currently trading at Rs. 49.45, up by 0.70 points or 1.44% from its previous closing of Rs. 48.75 on the BSE.

The scrip opened at Rs. 49.20 and has touched a high and low of Rs. 51.95 and Rs. 48.85 respectively. So far 1490848 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 69.85 on 31-Dec-2020 and a 52 week low of Rs. 24.40 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 51.95 and Rs. 41.00 respectively. The current market cap of the company is Rs. 5249.35 crore.

The promoters holding in the company stood at 42.60%, while Institutions and Non-Institutions held 16.03% and 41.36% respectively.

Vakrangee has entered into partnership with NSDL Payments Bank to provide Banking Business Correspondent (BC) services on a Pan India basis through its network of Nextgen Vakrangee Kendra’s.

Through digital banking the physical barrier of a Bank Branch has been removed which makes this model highly scalable. The existing platform through which Vakrangee is providing other services at the Kendra will be utilized for providing Banking services using APIs, thus ensuring quick rollout and easy customization services across India.

Vakrangee is the unique technology driven company focused on building India's largest network of last mile retail outlets to deliver real time banking & Financial Services, ATM, insurance, e-governance, ecommerce and logistics services to the un-served rural, semi-urban and urban markets.