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Vedavaag Systems moves up on signing agreement with Bank of Baroda

Vedavaag Systems Ltd. | IT - Software | IT & ITES | BSE: 533056 | NSE:

28 Jun 2021 Evaluate

Vedavaag Systems is currently trading at Rs. 41.50, up by 1.50 points or 3.75% from its previous closing of Rs. 40.00 on the BSE.

The scrip opened at Rs. 42.30 and has touched a high and low of Rs. 42.35 and Rs. 40.30 respectively. So far 4198 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.75 on 09-Jun-2021 and a 52 week low of Rs. 18.00 on 12-Aug-2020.

Last one week high and low of the scrip stood at Rs. 43.95 and Rs. 38.00 respectively. The current market cap of the company is Rs. 93.99 crore.

The promoters holding in the company stood at 35.98%, while Non-Institutions held 64.02%.

Vedavaag Systems has signed an agreement with Bank of Baroda as their National Business Correspondent (BC) for PAN India Operations. As part of this arrangement, Vedavaag will be setting up over 500 Customer Service Points (CSP) in the next 12 to 18 months across India. This is a kiosk based banking model that extends banking services to citizens for opening new bank accounts, cash deposits and withdrawals, DMT (Direct Money Transfers), AEPS (Aadhaar Enabled Payment Services), BBPS (Bharat Bill Payment Services) and implementation of various Social Security Schemes of the central and state governments such as Direct Benefit Transfers (DBT), PMJJBY, PMSBY, PMKSNY, etc.

The company is presently working with other banks to further expand the BC operations. It is strongly committed to add many more value added financial services to the rural citizens by leveraging its vast network.

Vedavaag Systems is a niche player of e-governance solutions and citizen services infrastructure management. The company offers E-Governance Solutions, Knowledge Center Solutions, Citizen Service Delivery, New Services e-Integration.

Vedavaag Systems Share Price

20.79 0.09 (0.43%)

23-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2522.55
Infosys	1242.60
HCL Tech.	1277.20
Wipro	202.95
Tech Mahindra	1420.40
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Vedavaag Systems moves up on signing agreement with Bank of Baroda

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