Vakrangee leads gainers

Post the Digital India speech by the PM yesterday, Vakrangee is zooming up and it is currently the top gainer on the BSE, up 11% at Rs.132 with an intra day high at Rs.135.40. Its 52-week high is at Rs.154.

The stock is right at the top as it is being construed as one of the big beneficiaries of the Digital India plan. This is one company which has been actually leading the Indian Govt on its e-governance efforts for the past 20 years, right from issuance of Voters Card, Aadhar card and also for the all-important passport services. It is currently working with PSU banks like SBI, PNB and BoB to make its offices paperless. And this is expected to be its mulch cow over the next couple of years.

Thus given its experience in the field and of working with the Govt, it is assumed that Vakrangee will be a recipient of many orders form this digitization plan. Brokerage houses too have started tracking this stock, expecting it to gain considerably over the next few years.