Heavy Buying Alert: IT Penny Stock Under Rs 20 Jumps 9.6 Per Cent From Intraday Low; Do You Own It?
The shares of the company have a PE of 300x, an ROE of 3 per cent and an ROCE of 7 per cent.
On Friday, shares of Vakrangee Ltd jumped 9.6 per cent to Rs 14.09 per share from its intraday low of Rs 12.85 per share with over 21 lakh shares changing hands on BSE.
Vakrangee Ltd, established in 1990, is a technology-focused company that aims to bridge the digital divide. It operates a network of "Next-Gen Vakrangee Kendras," franchise-based, one-stop convenience stores offering a range of services to rural, semi-urban and urban India. The company primarily focuses on BFSI services, including banking, insurance and ATM facilities. Additionally, Vakrangee provides e-commerce and logistics solutions, such as assisted online shopping, healthcare, travel services, telecom and bill payments and courier services, effectively catering to the diverse needs of its customers in underserved areas.
In Q3FY25, the company demonstrated robust financial performance with total income reaching Rs 6,863.0 lakh, a 31.7 per cent increase YoY and profit before tax and exceptional items soaring to Rs 161.3 lakh, a 72 per cent increase YoY. For 9MFY25, the company maintained its strong growth trajectory with total income at Rs 19,429.6 lakh, up 31.7 per cent YoY, and profit before tax and exceptional items reaching Rs 590.6 lakh, a remarkable 110.1 per cent increase YoY.
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Recently, Vakrangee Limited's strategic alliance with Aditya Birla Health Insurance Company Limited (ABHICL) leverages Vakrangee's vast Kendra network, particularly its strong presence in Tier-4 to 6 regions, to extend comprehensive health insurance solutions to underserved and remote areas. This partnership aims to democratize access to vital health coverage, aligning with Vakrangee's mission to provide essential services and ABHICL's focus on preventive care and wellness through innovative offerings like HealthReturns. By integrating ABHICL's diverse health insurance plans into Vakrangee's service portfolio, which already encompasses banking and e-commerce, the collaboration significantly bolsters healthcare accessibility, reinforcing both companies' commitment to customer-centricity and expanding their reach across India.
The company has a market cap of over Rs 1,500 crore and as of December 2024, the Life Insurance Corporation of India (LIC) owns a 4.41 per cent stake in the company. In December 2024, FIIs increased their stake to 2.82 per cent compared to 2.74 per cent in September 2024. The shares of the company have a PE of 300x, an ROE of 3 per cent and an ROCE of 7 per cent. Investors should keep an eye on this Small-Cap IT stock.
Disclaimer: The article is for informational purposes only and not investment advice.