Vakrangee is currently trading at Rs. 196.50, up by 1.55 points or 0.80% from its previous closing of Rs. 194.95 on the BSE.
The scrip opened at Rs. 195.00 and has touched a high and low of Rs. 197.00 and Rs. 195.00 respectively. So far 11,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 228.90 on 09-Mar-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. 197.00 and Rs. 188.35 respectively. The current market cap of the company is Rs. 10,398.00 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 partnered with My Mobile Payments (MMPL) for rendering bill payment collection solution (including government as well as private utility) to the un-served and under-served geographies of India, through aggregated platform and world-class Payment interface.
Vakrangee and MMPL have agreed in principle, to establish national alliance to offer much needed customer centric and user-friendly payment services of wide range of billers, service providers, suppliers, utility billing companies from Vakrangee’s more than 20,000 outlets. The synergy between MMPL and Vakrangee is to tap the untouched market of consumer billing domains.
At full scale deployment, MMPL services of key utility bill payment collection shall be rolled out from Vakrangee’s more than 20,000 Kendras in one go. 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, providing Digital India services, Social Inclusion, Employment Generation and Skill Development.
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