Zaggle jumps on entering into agreement with Nishi Forex
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Zaggle Prepaid Ocean Services is currently trading at Rs. 339.00, up by 52.05 points or 18.14% from its previous closing of Rs. 286.95 on the BSE.
The scrip opened at Rs. 298.40 and has touched a high and low of Rs. 344.30 and Rs. 295.75 respectively. So far 763034 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 344.30 on 26-Feb-2024 and a 52 week low of Rs. 155.60 on 22-Sep-2023.
Last one week high and low of the scrip stood at Rs. 344.30 and Rs. 247.60 respectively. The current market cap of the company is Rs. 4041.92 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 19.59% and 36.34% respectively.
Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with Nishi Forex and Leisure (Nishi Forex). Zaggle is contracted to be a Co-brand partner with Nishi Forex who is an Authorised Dealer II for forex card to carry out activities such as Sales and Distribution, Marketing and Campaigning bundled with Zaggle expense management to drive card spends & greater usage of the software. Subject to RBI approval the product launch will be done in due course.
Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with it Customers (i.e., businesses) and end Users (i.e., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services.
