Vakrangee gains on entering into tie-up with Indian Oil Corporation

29 Feb 2016 Evaluate

Vakrangee is currently trading at Rs. 213.90, up by 1.00 points or 0.47% from its previous closing of Rs. 212.90 on the BSE.

The scrip opened at Rs. 213.50 and has touched a high and low of Rs. 216.00 and Rs. 212.00 respectively. So far 242060 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 216.00 on 25-Feb-2016 and a 52 week low of Rs. 86.55 on 03-Jun-2015.

Last one week high and low of the scrip stood at Rs. 216.00 and Rs. 196.65 respectively. The current market cap of the company is Rs. 11340.67 crore.

The promoters holding in the company stood at 41.61% while Institutions and Non-Institutions held 13.55% and 44.84% respectively.

Vakrangee has entered into tie-up with Indian Oil Corporation (IOC) for setting up Vakrangee Kendra at its retail outlets (distribution network). IOC is India's largest commercial enterprise headquartered in Delhi, with a sales turnover of Rs 4,50,756 crore (US$ 73.7 billion) and profits of Rs 5,273 crore for the year 2014-15. Currently, the Vakrangee Kendra shall be set up in 1573 IOC Retail Outlets located in Rajasthan. Citizens, in these areas shall now be able to visit nearest Vakrangee Kendra and enjoy services from all the 5 business units of Vakrangee, i.e. e-Commerce, e-Governance, Banking, Insurance, and ATM.

This tie up would drastically increase the customer touch points at the Vakrangee Kendra and ensure a boost in its core objective i.e. Financial Inclusion, Digital Inclusion, Social Inclusion, Employment Generation and Skill Development.

Vakrangee, incorporated in 1990 is Capability Maturity Model Integration (CMMI) level 3 company. The company is an established player as systems integrator and IT-enabled solutions provider in the Indian e-Governance space with capabilities including Document Management system (DMS) and Printing Management system (PMS).

Vakrangee Share Price

31.68 -1.10 (-3.36%)
23-Dec-2024 16:59 View Price Chart
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