Vakrangee gains on renewing agreement with Bank of Baroda
Date: 07-01-2025Vakrangee is currently trading at Rs. 33.75, up by 0.50 points or 1.50% from its previous closing of Rs. 33.25 on the BSE.
The scrip opened at Rs. 33.70 and has touched a high and low of Rs. 34.73 and Rs. 33.34 respectively. So far 697132 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 37.72 on 01-Oct-2024 and a 52 week low of Rs. 18.45 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 36.66 and Rs. 32.50 respectively. The current market cap of the company is Rs. 3659.01 crore.
The promoters holding in the company stood at 41.67%, while Institutions and Non-Institutions held 7.88% and 50.46% respectively.
Vakrangee has renewed its agreement with the Bank of Baroda (BOB) to continue offering Business Correspondent (BC) banking and comprehensive Financial Inclusion (FI) services across Pan India through Vakrangee Kendra outlets.
Vakrangee has emerged as one of the leading Financial Inclusion player with more than 14,000 Banking BC points. This renewal with Bank of Baroda would ensure sustainable growth and activation of Banking BC point services at all Vakrangee Kendra across the country.
This tie-up enables Vakrangee Kendra outlets to offer a wide range of banking services, including account opening, cash deposits, withdrawals, balance inquiries, social security scheme viz PMSBY, PMJJBY & APY and other financial services, ensuring last-mile connectivity for customers across urban, semi-urban, and rural locations.
Vakrangee is the unique technology driven company focused on building India's largest network of last mile retail outlets to deliver real time banking & Financial Services, ATM, insurance, e-governance, e-commerce and logistics services to the un-served rural, semi-urban and urban markets.