Zaggle Prepaid Ocean Services is currently trading at RS. 415.20, up by 1.85 points or 0.45% from its previous close of RS. 413.35 on the BSE.
The stock opened at RS. 415.30 and touched an intraday high of RS. 428.70 and a low of RS. 413.50. So far, 39,009 shares have been traded on the counter.
This BSE group 'B' stock with a face value of RS. 1 has recorded a 52-week high of RS. 597.00 on December 17, 2024, and a 52-week low of RS. 281.25 on July 23, 2024. Over the past week, the stock has moved between RS. 428.70 and RS. 408.45. The company's current market capitalization stands at RS. 5594.26 crore.
The shareholding pattern shows promoters holding 44.21%, while institutions and non-institutions hold 19.98% and 35.81% respectively.
In a significant development, Zaggle has entered into a five-year agreement with DTDC Express. Under this partnership, Zaggle will provide DTDC with its Zaggle Zoyer and Zaggle Save solutions, focusing on employee expense management and benefits programs.
Zaggle Prepaid Ocean Services operates in a niche fintech segment, serving both businesses and end users (employees). The company is one of the few players with a diversified portfolio of fintech products and services.