Ashish Kacholia backed stock Zaggle Prepaid bags a new order; details inside
Ashish Kacholia who is a renowned investor currently holds around 2.21% shares of the company and it has increased in the Q3FY24 from 1.74% in the last quarter.
About the Order:
Zaggle Prepaid Ocean Services Ltd which builds financial solutions and products to manage business expenses got a new order from Lifestyle International Private Limited which was declared today after the market closer. The contract, valued at Rs. 7 crore per annum, is to be executed over three years. This agreement intends to enhance its customer service offerings.
Ashish Kacholia who is a renowned investor currently holds around 2.21% shares of the company and it has increased in the Q3FY24 from 1.74% in the last quarter.
Stock Performance
In the last trading session, the stock closed at Rs 269. Today, it opened at Rs 267.35 and closed at Rs 267.45, down by 0.58%. Shares of the company have a 52-week high of Rs 283.10, while its 52-week low stands at Rs 155.60. Currently, the company boasts a market capitalisation of approximately Rs 3,300 crore. The shares of the company were listed recently in the month of September 2023. In the last one month shares of the company increased its value by 24.42%.
About the company
Established in 2011, Zaggle has emerged as a prominent figure in the realm of spend management, characterized by a unique value proposition and a diverse user base. The company operates within the business-to-business-to-customer (B2B2C) sector and stands out as one of the few uniquely positioned players offering a diverse array of fintech products and services.
The company’s distinctions include having the largest number of issued prepaid cards in India, maintaining a varied portfolio of Software as a Service (SaaS) solutions, including tax and payroll software, and boasting an extensive network of touchpoints.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.