Shares of small-cap stock Vakrangee Limited witnessed a tremendous rise on Monday. Shares of the company jumped more than 7% during trading to reach an intra-day high of ₹35.55. There is a big announcement of the company behind this rise. Vakrangee has announced a strategic partnership with Shriram Life Insurance.
stock performance
- Monday’s opening price:
Vakrangee shares opened at ₹33.44 on the BSE, slightly higher than its previous close of ₹33.17. - Highest level of the day:
The stock reached ₹35.55 during trading. - 52 week performance:
- 52-week low: ₹18.45 (June 2024).
- Current level: Increase of about 90%.
Purpose and importance of partnership
Vakrangee has joined hands with Shriram Life Insurance to offer life insurance products on its network.
- Strategic Agency Alliances:
This partnership will provide customers easy access to life insurance products through Vakrangee’s wide network across the country. - Target:
- Making insurance solutions accessible and affordable.
- Empowering customers through financial security.
- Vakrangi’s statement:
The company said that the objective of this initiative is to make life insurance available on a wider scale and meet the needs of the customers.
Status and performance of shares
Vakrangee shares have performed brilliantly in recent months.
- Last 5 days: 7% gain.
- 1 month: 36% gain.
- 6 months: 50% increase.
- Year till 2024: 80% increase.
- Market cap: ₹3,733.63 crore.
Company Introduction
Vakrangee Limited was established in 1990 and is one of India’s largest last mile delivery platforms.
- Physical and Digital Ecosystem:
- Extended all over India.
- Provides convenient services to customers.
