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Dec 14, 2010

Vakrangee software - IT raid

stock closed down more than 5% due to IT raids.
stock is currently at a market cap of 573 cr, at a pe of 16 times.
current price of 254 is neither near the 52 week high of 338 or near the 52 week low of 64
with 274 cr reserves and 61 cr debt as of fy10.
wavering profits from 4 to 50 cr, latest being 24 cr - unreliable
npms have wavered between 1 and 22, latest being 5.87%

company has come to say that the it raids were clean and nothing has been found against them. this is reason the company recovered from being 11% down.

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