Zaggle Prepaid Ocean Services gains on inking pact with Strada
Zaggle Prepaid Ocean Services is currently trading at Rs. 334.15, up by 1.15 points or 0.35% from its previous closing of Rs 333.00 on the BSE.
The scrip opened at Rs 342.90 and has touched a high and low of Rs 342.90 and Rs 332.95 respectively. So far 17117 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52-week high of Rs 597.00 on 17-Dec-2024 and a 52-week low of Rs 235.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs 378.30 and Rs 331.70 respectively. The current market cap of the company is Rs 4488.49 crore.
The promoters holding in the company stood at 40.09%, while Institutions and Non-Institutions held 22.39% and 37.52% respectively.
Zaggle Prepaid Ocean Services has signed contract with Strada, a leader in end-to-end payroll, HCM and financial management solutions, to deliver a unified payroll and spend management solution that simplifies employee benefits for employers in India. The integrated solution digitizes employee expenses, reimbursements and benefits to eliminate manual touchpoints for real-time and hassle-free processing. This ensures accurate and timely payments while enabling organizations to efficiently deliver flexible tax benefits to employees through streamlined processes, enhancing flexibility and ease.
The Zaggle platform provides a unified ecosystem for corporate and employee expenses, featuring proprietary all-in-one cards with real-time fund visibility, automatic expense reporting, and 24/7 intelligent inquiry management. Supporting VISA and RuPay networks, it ensures 100% compliance with RBI, IT, and CBDT regulations, with frequent updates to meet evolving financial requirements.
Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with its 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.
