Jun 12, 2012, 01.19 PM | Source: Moneycontrol.com
Vakrangee Software fell more than 1% on Tuesday due to profit booking after rising more than 12% in previous six sessions. The rally may be ahead of getting big order.
In a release sent to exchanges, the company said, "Vakrangee Finserve (VFL), a wholly owned subsidiary of Vakrangee Softwares has bagged financial inclusion project from the State Bank of India. From the project, VFL targets to achieve approximately Rs 980 crore during the tenure of five years."
At 13:11 hours IST, the share was trading at Rs 34.15, down 1.16% after hitting an intraday high of Rs 35 and low of Rs 34.05.
Its trading volumes increased 225.68% to 9,01,686 shares as compared to its 5-day average of 2,76,865 shares.
Market capitalisation of the company currently stands at Rs 1,709.14 crore.