Vakrangee Software - Flag on weekly charts

Our next pick for medium term would be Vakrangee software. The stock has been in an uptrend for 2-3 years now. Now it has formed a bullish flag pattern at current levels. The stock should be bought with a stoploss at 52. CMP - 59. Target - 77.

Points to watch out for
1. The stock is into e governance IT enabled solutions which is a high rate growth industry. That is the main reason for such a bullish trend in this stock.
2. The promoter holding is only about 25%. When I looked at the other larger shareholders there are huge holdings of many trading corporates which we possibly analysed as speculative holdings. Hence this can be considered as a significant risk. Also no mutual fund holds anything in the counter which seems surprising considering this is a premier company in a high growth sector.

No.	Name of the Shareholder	Total Shares held	Shares as % of Total No. of Shares
1	Highpoint Trading Company Pvt Ltd	35,307,109	7.05
2	Seahorse Mercantile Company Pvt Ltd	32,541,287	6.5
3	Bluepearl Trading Company Pvt Ltd	47,864,230	9.56
4	Cybermetix Automation Pvt Ltd	23,872,920	4.77
5	Ashtavakra Properties Pvt Ltd	22,491,718	4.49
6	Abhirati Trading Pvt Ltd	44,560,461	8.9
7	Newtree Trading Company Pvt Ltd	15,765,300	3.15
8	Vinod Laxminarayan Bohre	13,251,382	2.65
9	Prayer Trading Pvt Ltd	23,353,063	4.66
10	Anand Rathi Share & Stock Brokers Ltd	5,300,000	1.06
	Total	264,307,470	52.81