Shares of Vakrangee zoomed 12% in very early bargains at present after the corporate claimed its Board of Directors will surely fulfill on September 24 to consider a proposition for growing funds. Additionally, the agency has truly partnered with Star Health Insurance to offer medical insurance coverage gadgets all through its community.Vakrangee provide climbed up 12% to Rs 23.45 on Wednesday versus the earlier shut of Rs 20.94 on BSE. It was the main gainer on BSE at present. A complete quantity of 40.63 lakh shares of the fashionable know-how agency reworked fingers, totaling as much as a flip over of Rs 9.20 crore on BSE. Market cap of the corporate stood at Rs 2436.88 crore.
The provide struck a 52-week low of Rs 16.15 on October 10, 2023 and a 52-week excessive of Rs 32.19 on February 1, 2024.
In regards to technicals, the member of the family stamina index (RSI) of the availability stands at 47.1, signifying it’s buying and selling neither within the overbought and neither within the oversold space. Vakrangee shares have a beta of 1.4, suggesting actually excessive volatility in a yr. Vakrangee shares are buying and selling greater than the 5 day, 10 day, 20 day, 1 month, 50 day, 100 day, 150 day and 200 day relocating requirements.
“The meeting of Board of Directors of the Company will be held on Tuesday, September 24, 2024, inter alia, to transact the following businesses. To consider the proposal for raising of funds by way of rights issue, warrants, preferential issue including a qualified institutions placement or through any other permissible mode and/or combination thereof as may be considered appropriate, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/ statutory approvals as may be required including the approval of shareholders of the Company,” claimed the corporate in an interplay to bourses.
In yet another important information, Vakrangee has truly signed up with fingers with Star Health Insurance to offer medical insurance coverage gadgets all through its community.
“Vakrangee Limited is proud to announce a strategic corporate agency tie-up with Star Health & Allied Insurance Co. Ltd. (Star Health Insurance), India’s largest retail health insurance company. This partnership aims to provide easy access to comprehensive health insurance products through Vakrangee Kendra network across the Country. Through this collaboration, Vakrangee will offer a wide range of health insurance products from Star Health to its customers, ensuring enhanced penetration of health insurance services in remote and underserved regions of the Country,” claimed the corporate.
Vakrangee Limited is an innovation agency targeting financial, social and digital incorporation of its shoppers. It operates an asset-light, franchisee-based service model to cope with the necessities of its stakeholders. It helped digital nook retailer, Next-Gen Vakrangee Kendras makes use of companies for quite a few companies and merchandise.
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