Introduction:
Leading player in prepaid services has secured two major agreements. The first, with Hitachi India Pvt. Ltd., involves providing a rewards solution, while the second with Blink Commerce focuses on a solution implementation, both strengthening the company’s market presence.+
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Share price movement of Zaggle Prepaid:
On December 6, 2024, Zaggle Prepaid opened at ₹507.00, up 1.42% from its previous close of ₹499.95. The stock reached a high of ₹524.00 (4.8%) and a low of ₹485.55. As of 10:29 AM, it traded at ₹515.00, a 3.01% increase, with a market cap of ₹6,326.05 crore.
Zaggle signs agreements with Hitachi and Blink:
Zaggle Prepaid Ocean Services (Zaggle) has announced two significant agreements. The first agreement is with Hitachi India Pvt. Ltd., where Zaggle will provide the Zaggle Propel Rewards Solution. This agreement, a domestic contract, is set for execution over a period of 1 year.
The second agreement is with Blink Commerce Private Limited. Zaggle will provide the Zoyer Solution under this domestic contract, which is expected to be completed within two years. Both agreements signify Zaggle’s continued growth in the Indian market.
The agreements with Hitachi India and Blink Commerce highlight Zaggle’s strategic expansion in rewards and solution sectors. By offering services like Zaggle Propel and Zoyer, the company strengthens its domestic market position and enhances service capabilities for key clients.
Recent news on Zaggle Prepaid:
As of December 04, 2024, Zaggle Prepaid Ocean Services Ltd. signed a seven-year contract with Mastercard Technology Pvt. Ltd., under which Mastercard will recommend Zaggle’s SaaS platform, payment, and card products to corporate customers and other entities.
Ace investor holding in Zaggle Prepaid:
Ashish Kacholia
Ashish Kacholia holds a 2.37% stake in Zaggle Prepaid Ocean Services Ltd., amounting to 2,903,356 shares valued at ₹150.1 crore. His investment reflects confidence in the company’s growth potential and market performance.
Ajay Kumar Aggarwal
Ajay Kumar Aggarwal holds a 1.15% stake in Zaggle Prepaid Ocean Services Ltd., with 1,409,615 shares valued at ₹72.6 crore. This investment underscores his belief in the company’s promising growth trajectory and market prospects.
Stock performance of Zaggle Prepaid for Period of 1 week, 6 months and 1 year:
Zaggle Prepaid Ocean Services Ltd. has experienced a slight 1.15% decline over the past week. However, the company has shown strong growth with a 77.7% return over six months and an impressive 110% return over the past year.
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Shareholding pattern of Zaggle Prepaid:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 43.90% | 44% | 43.90% |
| FII | 6% | 6% | 11.70% |
| DII | 10.70% | 7.30% | 6.50% |
| Public | 39.30% | 42.80% | 37.90% |
About Zaggle Prepaid:
Zaggle Prepaid Ocean Services Ltd. (NSE: ZAGGLE) is a leading provider of innovative financial solutions for managing business expenses. Headquartered in Hyderabad, it blends SaaS and fintech to serve corporates, SMEs, and startups with automated workflows.
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.
