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Shares of Vakrangee hit the upper circuit at ₹178 on Wednesday, ending the losing streak of the last nine sessions. The company which is the largest system integrator and IT-enabled service provider in the Indian e-governance space, will be included in the FTSE Global Equity Index Series.
The shares will be included in the large-cap section — FTSE Global Equity Index series of ‘FTSE Russell’, member of the London Stock Exchange Group plc, the global index provider, with effect from March 16.
The stock was locked in the lower circuit in the past nine sessions. losing nearly 37 per cent. Last month, SEBI gave a clean chit to Vakrangee after investigation over alleged violation of various provisions of securities laws.
Over 1.44 crore shares of the company exchanged hands on the NSE. The scrip opened at ₹176 and touched a high and low of ₹178.90 and ₹163.65, respectively.
The company provides real-time services to the unserved and underserved citizens in rural and urban areas through Vakrangee Kendras. It derived 64 per cent of revenue from the kendras, and the remaining from the e-governance business in FY17.
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