Vakrangee shares jump 19%. Here's why | Economic Times

New Delhi: Shares of Vakrankgee soared 19 per cent in early trade on Thursday after the company launched complete travel services across its platform.The IT solution provider has partnered with TSI Yatra to offer assisted online travel services. Vakrangee has launched the complete bouquet of travel services across its platform. It has about 12,000 nextgen Vakrangee Kendras. It will provide domestic and international flight booking and other services.Shares of Vakrangee rallied 19 per cent to Rs 35.80 on Monday. However, the scrip was trading at Rs 34.84 at 10.15 am. BSE Sensed was trading at 54,682.26, 156.33 points, or 0.29 per cent, higher. The scrip settled at Rs 30.80 on Wednesday.Vakrangee intends to provide digital travel services in the remotest parts of the country at competitive prices. It provides its business partners with a reach in the unserved parts of the country and access to an untapped customer base.Currently, it will begin offering flight booking services, which will be extended to hotel booking and travel & holiday tour packages in the near future. The tie-up completed the entire offering of assisted online travel services.Shares of Vankrangee have tanked about 50 per cent in the year 2021 so far. The counter has gained over 15 per cent in the last one year.About three-fourth of its centers are located in the smaller towns, semi-urban areas and villages. Vakrangee Kendras offer a comprehensive range of products and services across banking, insurance, ATM, e-Governance and logistics.Vakrangee reported a net profit of Rs 20.17 crore and income of Rs 131.07 crore in June 2021 quarter. The company reported an improved performance on both QoQ and YoY basis.