32rs ka share | vakrangee limited share news
A small cap company whose market cap is just Rs. 3457 crores and in spite of huge fall in the market, as seen on Friday, the share closed
up by around 2.12%, so I hope that you have an outlet of this company in your nearby village. You must have definitely seen it and I hope you might have transferred money from there sometimes and this company has also recently entered into partnership with Canara Bank for providing banking facility, due to which a rise of 10% was seen in the stock and it has also given a return of almost 76% in one year, so which stock is it, tell me in the comments and you will know. If it is also related to the market then let’s start. So the stock we are talking about, its name is Vakrangee Limited. So as I told you, the company has recently partnered with Canara Bank to provide banking, so to understand what this is, you will have to understand the business model of this company. Incorporated in 1990, Vakrangee is a technology driven company which focuses on building more retail outlets to reach other services to the unserved and under reserved population of the country’s rural, semi-urban and urban areas. We do this in more detail. I will know that the company works in three segments –
(1. BFSI )
(2. ATM )
(3. E-Commerce logistics company)
In rural areas, that is, those areas where banking logistics like service is not available, they provide service through their outlets. We know by the name of the outlets. The company has a total of 21912 outlets in the country and India. Now we will try to understand their 3 business models which work differently, so that you can understand that news very well. You will get
1- BFSI and ATM – BFSI and ATM provide banking financial services (ATM, insurance and other financial services) within the vertical and within the rural area customers can withdraw money from them without going to the bank. They can take deposits, withdrawal, loan and many other banking benefits and can also withdraw money from their ATM. They are providing their own banking facilities in the villages. Yes, for the people so that if they do not go to bank, their work can be done at home, then this news will come to the society.
To provide all these banking facilities, they have set up multiple banks, in which they have recently entered into partnership with Canara Bank, i.e. Bank. They provide service in the rural area on behalf of that and that too not only Canara Bank but they have many banking partners also.
I hope now you have understood the story of their business. You must have understood why the stock moved on some news and I would like to tell you the summary of share price and the business of the company is running at a good level. The company is fine at the ground level. Act as a bridge between the banks and the customers in your rural area and through which you are trying to grow your business by doing business with different banks.
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