Vakrangee

Vakrangee hit a new 52-week high today morning at Rs.354.45 within minutes of opening for trade. Though it has come off the high, it remains firmly in the green at Rs.349 levels, up over 3.5%.

The good news from the company is that it will be providing GST registration, filing of returns, payment and other services through its Kendra outlets.

The company has most certainly evolved from over the past two decades from being a mere sub-contractor to an IT enabler for E-governace.  It’s Vakrangee Kendra and the White Label ATM businesses are sustainable revenue earners unlike the project based income, which may or may not come, depending on Govt orders.

With the Govt pushing ahead full throttle on the e-governance and digital mode, Vakrangee seems to have caught some high investor fancy.