IT stock jumps after signing agreement with Honasa ConsumerIT stock jumps after signing agreement with Honasa Consumer

Introduction:

Leading IT solutions provider has secured a significant agreement to offer its advanced digital platform to a renowned consumer company. This strategic partnership, spanning 36 months, aims to enhance customer engagement and operational efficiency through cutting-edge technology and seamless digital solutions.

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Share price movement of Zaggle Prepaid:

On February 25, 2025, Zaggle Prepaid Ocean Services Ltd opened at ₹355.30, up 0.38% from its previous close of ₹353.95. The stock reached a high of ₹365.20 (2.05%) and a low of ₹352.70. By 12:06 PM, it traded at ₹361.40, a 2.10% increase, with a market cap of ₹4,850.18 crore.

Zaggle Prepaid Secures Agreement with Honasa Consumer:

Zaggle Prepaid Ocean Services Limited has signed an agreement with Honasa Consumer Limited. Under this deal, Zaggle will provide its Zaggle Zoyer Platform to Honasa for a period of 36 months, enhancing digital solutions for customer engagement and operational efficiency.

The agreement, classified as a domestic Customer Service Agreement, reinforces Zaggle’s position in the digital payments and fintech sector. No promoter or related party transactions are involved in the deal. This strategic partnership is expected to streamline Honasa’s digital operations, leveraging Zaggle’s innovative technology.

Zaggle’s collaboration with Honasa aligns with its expansion strategy, strengthening its market presence. The company remains focused on delivering innovative fintech solutions to leading businesses. Investors and stakeholders can anticipate long-term value creation through such key partnerships in the evolving digital ecosystem.

Recent news on Zaggle Prepaid:

As of February 18, 2025, Zaggle Prepaid Ocean Services Ltd. partnered with Google through Redington (India) Ltd. to launch the Smart Employee Purchase (EPP+) Program, enabling businesses to streamline device procurement while offering employees discounted access to Google Pixel devices.

Ace investor holding in Zaggle Prepaid:

Ashish Kacholia 

Ashish Kacholia holds a 2.16% stake in Zaggle Prepaid Ocean Services Ltd, with 2,903,356 shares worth ₹95.2 crore. His investment highlights confidence in the company’s growth prospects in the prepaid services sector.

Ajay Kumar Aggarwal

Ajay Kumar Aggarwal holds a 1.01% stake in Zaggle Prepaid Ocean Services Ltd, owning 1,349,615 shares worth ₹44.3 crore. This strategic holding reflects his confidence in the company’s potential within the prepaid services market.

Stock performance of Zaggle Prepaid for Period of 1 week, 6 months and 1 year:

Zaggle Prepaid Ocean Services Ltd. delivered a 7.67% gain over the past week, reflecting strong short-term momentum. However, its six-month return stands at -0.73%, while the one-year performance shows a modest 3.69% growth, indicating steady long-term resilience.

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Shareholding pattern of Zaggle Prepaid:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	40.10%	40.10%	43.90%
FII	9.20%	9.40%	6.10%
DII	14.60%	14.70%	10.70%
Public	36.20%	35.80%	39.30%

About Zaggle Prepaid:

Zaggle Prepaid Ocean Services Ltd. (NSE: ZAGGLE) develops innovative financial solutions to streamline business expense management for corporates, SMEs, and startups. Headquartered in Hyderabad, it operates at the intersection of SaaS and fintech, offering automated and efficient workflow solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.