Vakrangee trades with traction on the BSE

21 Sep 2015

Vakrangee is currently trading at Rs. 125.10, up by 3.50 points or 2.88% from its previous closing of Rs. 121.60 on the BSE.

The scrip opened at Rs. 121.95 and has touched a high and low of Rs. 125.25 and Rs. 121.95 respectively. So far 80505 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 172.40 on 10-Aug-2015 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. 125.25 and Rs. 108.20 respectively. The current market cap of the company is Rs. 6434.55 crore.

The promoters holding in the company stood at 38.71% while Institutions and Non-Institutions held 13.27% and 48.02% respectively.

Credit rating agency, CARE has assigned ratings to bank facilities of Vakrangee. The credit rating agency has assigned ‘BBB’ rating to the long-term bank facilities - Fund based amounting Rs 591crore while the agency has assigned ‘A3+’ rating to short-term bank facilities – Non fund based amounting Rs 159 crore.

The ratings assigned to the bank facilities of the company take into account experienced promoter supported by strong management team. The ratings also considers the company’s established track record of executing large orders of e-governance projects coupled with increasing diversification towards e-retail business.

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).

Related Vakrangee Ltd. Links:

Vakrangee Share Price

52.85 -0.50 (-0.94%) Apr 23, 18:03
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323