Vakrangee zooms 10% in early morning trade

The company has announced strategic alliance with Ricoh India Ltd

Shares of Vakrangee Ltd were trading higher by nearly 11% at Rs. 167 in the early morning session, as the company has announced strategic alliance with Ricoh India Ltd.

Vakrangee Ltd is currently trading at Rs. 168.35, up by Rs. 16.6 or 10.94% from its previous closing of Rs. 151.75 on the BSE.

The scrip opened at Rs. 162 and has touched a high and low of Rs. 174.4 and Rs. 162 respectively. So far 3318454(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8029.96 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 172.4 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. 156.85 and Rs. 128 respectively.

The promoters holding in the company stood at 41.61 % while Institutions and Non-Institutions held 13.43 % and 44.96 % respectively.

The stock is currently trading below its 100 DMA.