LIC Holds Over 4 Per Cent Stake: Only Buyers In This Penny Stock Under Rs 15; Hit Upper Circuit For 3Rd Straight Day
The company demonstrates market statistics through a PE ratio of 180x and ROE and ROCE values at 3 per cent and 7 per cent, respectively.
Vakrangee Ltd saw its share price rise to Rs 10.89 per share on Thursday as the stock achieved a 5 per cent upper circuit before ending the day at Rs 10.38 per share with BSE reporting 8 lakh shares trading. The stock has been hitting the upper circuit for the third straight day.
The company Vakrangee Ltd was founded its operations in 1990 as a technology-driven enterprise dedicated to closing digital gaps. The company operates through "Next-Gen Vakrangee Kendras" which represent franchise outlets that serve as single points of service for rural and urban as well as semi-urban areas of India. Vakrangee Ltd operates primarily through BFSI services which include banking services together with insurance services and ATM facilities. Vakrangee provides customers in underserved locations with e-commerce and logistics solutions that include assisted online shopping together with healthcare services, travel bookings, telecom services, bill payments and courier delivery.
The company achieved robust financial performance during Q3FY25 through its total income reaching Rs 6,863.0 lakh which showed a 31.7 per cent yearly growth, while profit before tax and exceptional items reached Rs 161.3 lakh, representing a 72 per cent increase from the previous year. The company maintained strong growth throughout the first nine months of FY25 because total income reached Rs 19,429.6 lakh, representing a 31.7 per cent YoY increase and profit before tax and exceptional items reached Rs 590.6 lakh, which showed a remarkable 110.1 per cent increase from the previous year. The aggressive approach by Vakrangee Limited to deploy 3000 new ATMs in FY26 focuses on UPI transactions to create extensive financial access in underserved rural regions. The expansion builds on their current 6,050 White Label ATM locations throughout Tier 4 and 6 regions by serving the demonstrated ATM installation demand of more than 465 new applications.
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The company demonstrates social responsibility through paperless transactions and Divyang-friendly features and uses the acquisition of Vortex Engineering to build technological strength and back the "Make in India" initiative. The expansion will benefit numerous customers from smaller cities and towns because Vakrangee has established partnerships with banking institutions together with regulatory bodies. The company's extensive network of 22,395 Vakrangee Kendra Outlets across rural areas enables it to deliver financial and e-commerce services that help boost rural Indian economic empowerment.
The acquisition of Vortex Engineering enables backward integration while its cost synergies will boost the scalable implementation of the new ATM network. Life Insurance Corporation of India (LIC) maintains more than Rs 1,100 crore worth of market capitalization while holding a 4.41 per cent stake in the company as of December 2024. FIIs purchased more shares of the company during December 2024 by raising their ownership to 2.82 per cent from their previous 2.74 per cent in September 2024. The company demonstrates market statistics through a PE ratio of 180x and ROE and ROCE values at 3 per cent and 7 per cent, respectively.
Disclaimer: The article is for informational purposes only and not investment advice.