Vakrangee Soft goes ex bonus; stock up 7%

Vakrangee Software board has approved bonus shares in the proportion of 1 new equity bonus share of Rs 10 for every 1 existing share. However, it also approved the subdivision of existing shares of Rs 10 into 10 equity shares of Re 1 each fully paid-up.

The company has fixed April 13, 2012 as record date for the purpose of ascertaining the eligibility of the shareholders / beneficiary owners who would be entitled to receive sub-divided shares and bonus shares.

Vakrangee Software touched an intraday high of Rs 33.90 and an intraday low of Rs 30.50. At 09:53 hrs the share was quoting at Rs 32, up Rs 2.13, or 7.13%.
 
It was trading with volumes of 513,193 shares, compared to its 5-day average of 77,536 shares, an increase of 561.88%.
 
In the previous trading session, the share closed down 2.07% or Rs 0.63 at Rs 29.87.