Credit Suisse bought shares in Vakrangee

IT Index performance
IT Index is in focus again as the index is gradually recovering from its
26 week low of 10075.75 made on 29th Feb 2016 and is currently
trading at 10426. IT Index underperformed comparing to other NSE
indices, were Benchmark Nifty rose 29% from its low of 6825 made on
29th Feb 2016.

About Vakrangee
Vakrangee is a technology driven company, focusing on creating India's largest network of last-mile
retail points-of-sale, to potentially enable every Indian to seamlessly benefit from social inclusion,
financial inclusion, Digital India, Employment, Skill Development, Government programmes and a
wider access to basic goods and services.

Vakrangee Share Price Movement

Vakrangee share price is trading at Rs. 228.40. The stock has shown buying momentum from its recent
low of Rs. 162.80 made on 18th August 2016. The scrip has already given an up movement of 40%
from its recent low.

NSE Delivery Position

As per NSE data on 14th of Sep 2016 a huge delivery position was seen in Vakrangee with 12.46 lakh
shares, double than its average delivery position. The stock traded in a range of 208-220(Low-High)
level. Another huge delivery position was seen on 15th Sep 2016 with 31.50 lakhs shares and stock
traded in a range of 216-226.45 level. Therefore, 208 can be considered as good support for the stock.

Date
29-Aug-16
30-Aug-16
31-Aug-16
1-Sep-16
2-Sep-16
6-Sep-16
7-Sep-16
8-Sep-16
9-Sep-16
12-Sep-16
14-Sep-16
15-Sep-16
16-Sep-16
19-Sep-16
20-Sep-16
20-Sep-16

High Price
204.80
199.90
197.00
196.40
194.85
203.70
204.80
204.60
207.95
209.70
220.00
226.45
227.85
228.00
227.00
231.00

Low Price
196.40
193.60
194.65
191.60
188.10
194.80
199.80
197.10
199.25
202.00
208.00
216.00
216.00
222.00
227.00
226.90

Close Price
198.65
195.50
195.70
194.60
190.55
202.60
201.65
203.70
206.70
207.55
219.00
223.30
224.05
227.10
227.00
228.40

Total Traded
1388055
881370
636621
907293
747367
1224537
1269059
942691
609320
1115653
2332971
4353688
1306691
812283
4425000
847328

Deliverable
650628
391917
517345
562141
431996
720173
724203
544463
238048
567574
1246893
3150930
697055
390581
4425000
399328

Huge delivery position was

seen in the stock on 6th
Sep, 7th Sep, 14th Sep and
15th Sep.

Large deal
Yesterday Newtree Trading Company Private Ltd (It is a Non-govt company and is registered at Registrar of
Companies, Director of the company is Sunil Mohan Arya and Sudam Kanu Kathe) sold 44,25,000 shares at Rs 227
and Credit Suisse (Singapore) Ltd A/C Credit Suisse (Singapore) bought 44,25,000 shares of Vakrangee at Rs 227
on the NSE.

Other important information on Vakrangee

Vakrangee revenue jumped 4.72% in QoQ from Rs. 897.93 crs to Rs. 917.52 crs.
Net Profit jumped 9.5% from Rs. 110.86 crs to Rs. 121.49 crs.
Vakrangee Net Profit margin is 12.43%
52 Week High/Low 231.00/ 104.75
Vakrangee is trading at PE multiple of 28.03

If IT Index gives breakout of its weekly level of 10654 (3 Week High), then Vakrangee can be bought with the target
of Rs.250.

Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of
the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making
investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Disclosure
Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment
Advisory Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX &
NCDEX. We declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with
whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection and based on their
observations have issued advise letters or levied minor penalty on for certain operational deviations.
Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/
Research Analyst/ his Relative:

Do not have any financial interest / any actual/beneficial ownership in the subject company.
Do not have any other material conflict of interest at the time of publication of the research report
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
Have not received any compensation for brokerage services or any products / services or any compensation or other
benefits from the subject company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company

Article Written by
Vikash Kandoi