Small-cap stock Vakrangee Limited saw a significant surge on Monday, with shares rising over 7% to an intraday high of ₹35.55.
The rally came after the company announced a strategic partnership with Shriram Life Insurance.
Vakrangee’s stock opened at ₹33.44 on the BSE, slightly above its previous close of ₹33.17, and quickly gained momentum, crossing ₹35.
This rise brings the stock close to its 52-week high, reflecting a remarkable recovery of nearly 90% from its 52-week low of ₹18.45 in June 2024.
Partnership with Shriram Life Insurance
Vakrangee revealed on Monday that it has partnered with Shriram Life Insurance to offer life insurance products through its extensive network.
This strategic corporate agency tie-up aims to provide accessible and affordable life insurance solutions to customers nationwide via the Vakrangee Kendra network.
Vakrangee stated that the collaboration is designed to enhance financial security by broadening the reach of insurance products, empowering customers across India.
Performance of Vakrangee’s Shares
Vakrangee’s stock has shown consistent growth over various periods. It has increased by 7% in the last five days, 36% in the last month, and 50% in the past six months.
Since the start of this year, the stock has climbed an impressive 80%.
With a market capitalization of ₹3,733.63 crore, Vakrangee has established itself as one of India’s largest last-mile delivery platforms.
Founded in 1990, the company operates a robust physical and digital ecosystem spread across the country.
