Shares of Vakrangee zoomed 12% in very early bargains today after the company claimed its Board of Directors would certainly satisfy on September 24 to think about a proposition for increasing funds. Additionally, the firm has actually partnered with Star Health Insurance to provide medical insurance items throughout its network.Vakrangee supply climbed up 12% to Rs 23.45 on Wednesday versus the previous close of Rs 20.94 on BSE. It was the leading gainer on BSE today. A total amount of 40.63 lakh shares of the modern technology firm transformed hands, totaling up to a turn over of Rs 9.20 crore on BSE. Market cap of the company stood at Rs 2436.88 crore.
The supply struck a 52-week low of Rs 16.15 on October 10, 2023 and a 52-week high of Rs 32.19 on February 1, 2024.
In regards to technicals, the family member stamina index (RSI) of the supply stands at 47.1, signifying it’s trading neither in the overbought and neither in the oversold area. Vakrangee shares have a beta of 1.4, suggesting really high volatility in a year. Vakrangee shares are trading more than the 5 day, 10 day, 20 day, 1 month, 50 day, 100 day, 150 day and 200 day relocating standards.
“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 company in an interaction to bourses.
In one more essential news, Vakrangee has actually signed up with hands with Star Health Insurance to provide medical insurance items throughout its network.
“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 company.
Vakrangee Limited is an innovation firm concentrated on economic, social and electronic incorporation of its clients. It operates an asset-light, franchisee-based service version to deal with the requirements of its stakeholders. It helped electronic corner store, Next-Gen Vakrangee Kendras uses services for numerous services and products.
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