Vakrangee Share Price 📈💰
The stock of Vakrangee Limited, an IT company, has been showing a steady increase in its share price. Even during Thursday’s trading session, the company’s shares were performing well amidst a bearish market. With a remarkable 13% surge in its share price during Thursday’s trading session, Vakrangee Limited continued to dominate the market.
Closing at INR 24.75 per share on Monday, January 29, 2024, the company’s shares further climbed by 1.47% to INR 24.9 per share on Tuesday, January 30, 2024. During Thursday’s trading session, Vakrangee Limited’s shares were being traded at INR 23.05 per share. The company’s 52-week high stood at INR 26.05 per share, while the lowest point was INR 13.70 per share. Vakrangee Limited currently has a total market capitalization of INR 2,423.11 crore.
As of December 2023, the promoters of Vakrangee Limited hold a total of 42.60% of the company’s shares, while public investors own the remaining 57.40%. Vakrangee Holding Private Limited holds the largest share capital in Vakrangee Limited, with approximately 2,509,50,388 shares, accounting for 23.69% of the total share capital. NJD Capital Private Limited also holds a significant stake of over 12% in Vakrangee Limited.
Established in 1990, Vakrangee Limited primarily operates in the information technology sector. The company provides IT-related services for rural, semi-urban, and urban populations. Currently, the company is expanding its business in sectors such as ATMs, e-commerce, and logistics services.
Vakrangee Limited offers its services across 560 districts in 31 states of India, with approximately 21,240 outlets. Recently, the company obtained a license from the Reserve Bank of India to set up white-label ATMs, enabling real-time cash withdrawal services. With this development, Vakrangee Limited has become the fourth-largest ATM service provider in rural India. The company serves several public sector banks, including Punjab National Bank and Bank of Baroda.
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