Vakrangi Limited Share: This company's shares explode, investors are happy with the upper circuit, know which big deal they got…

Vakrangi Limited Share: There is a decline in the stock market on the last trading day of the week today i.e. Friday (20 December). Sensex is down by about 166.40 (-0.21%) points and is trading at 79 thousand 051.65. At the same time, there is a fall of about 100 points in Nifty by -34.30 (-0.14%), it is trading at 23,917.40.

Meanwhile, shares of smallcap company Vakrangee Limited have seen good growth for the second consecutive day. A rise of more than 8 percent was recorded in its shares today, whereas a rise of 7 percent was seen on Thursday also.

Huge rise in shares for the second consecutive day

Shares of Vakrangee Limited opened today at Rs 33, while it made its intraday high by reaching Rs 34.96, which shows a rise of more than 8 percent from Thursday's closing price of Rs 32.08.

Let us tell you that the company had recently announced that it has signed an agreement with the government-owned bank Canara Bank, after which buyers have become active in this smallcap stock and a rise is being seen.

Deal with Canara Bank for this work (Vakrangi Limited Share)

The company had said in its statement that the purpose of this agreement with Canara Bank is to provide banking services in the rural areas of the country. Under this MoU, Vakrangee will work as Corporate Business Correspondent (CBC) for Canara Bank. Due to which the bank's network will expand.

Apart from this, Vakrangee centers will also provide facilities to citizens to enroll in various social security schemes and Aadhaar related services will also be provided.

regressive stock performance

Let us tell you that Vakrangee Limited is a debt free small cap company. Its 52-week high is Rs 37.69, while 52-week low is Rs 18.40. Talking about its market cap, it is Rs 3.71 thousand crores. The total stake of foreign investors (FIIs) in this stock is 2.74 percent.