Vakrangee Stock Lower After Weak Results

Leading Technology Company Vakrangee Limited has reported lackluster results for the quarter ended Dec 31, 2018. The result was announced on Friday. Standalone revenue from operation was reported at Rs. 82.46 crore as against Rs. 1,750.46 crore in the year-ago quarter, while Profit after tax was at Rs. 0.99 crore. Total Income figured at Rs. 118.66 crore in third quarter FY18-19 as against Rs. 320.06 crore on year-on- year basis.

Reacting to the results, Vakrangee Limited stock underwent volatility during Monday‚Äôs trading session.  Stock in Vakrangee opened at Rs. 41.75 per share and registered a high of Rs42.15 and is trading lower 4.98% through mid-market trade. Meanwhile, the benchmark indices were down with BSE Sensex at 35,814 down by 183 points and Nifty at 10,717, down by 62 points.