Vakrangee rises on inking pact with IRCTC for offering Railway E-Tickets

12 May 2017

Vakrangee is currently trading at Rs. 353.00, up by 2.45 points or 0.70% from its previous closing of Rs. 350.55 on the BSE.

The scrip opened at Rs. 357.70 and has touched a high and low of Rs. 357.70 and Rs. 350.50 respectively. So far 12208 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 357.70 on 12-May-2017 and a 52 week low of Rs. 160.10 on 09-Jun-2016.

Last one week high and low of the scrip stood at Rs. 357.70 and Rs. 347.05 respectively. The current market cap of the company is Rs. 18668.67 crore.

The promoters holding in the company stood at 41.60%, while Institutions and Non-Institutions held 29.25% and 29.14% respectively.

Vakrangee has entered into an alliance with Indian Railway Catering and Tourism Corporation (IRCTC) for offering Railway E-Tickets booking through Vakrangee Kendras. This tie-up further expands its bouquet of services available to citizens through Vakrangee Kendras. Citizens, especially in un-served and underserved areas shall now be able to visit nearest Vakrangee Kendra and will be able to book railway E-Tickets there.

Rail travel in India continues to be a preferred mode for a majority of Indian population. With this alliance, Vakrangee will be able to offer railway E-Tickets to India’s largest travelling citizens.

Currently, the company is operating more than 35,000 Vakrangee Kendra outlets across 16 States and presence in more than 5,000 Postal codes across the country. The company is now planning to setup and manage a total of 75,000 ‘Vakrangee Kendra’ outlets across India by 2020, covering the presence in all Postal codes across the country.

Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, ecommerce and logistics services to the unserved rural, semi-urban and urban markets.

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