Zaggle touches the roof on entering into agreement with HDFC Bank
Zaggle Prepaid Ocean Services is currently trading at its upper limit of Rs. 551.10, up by 26.20 points or 4.99% from its previous closing of Rs. 524.90 on the BSE.
The scrip opened at Rs. 525.00 and has touched a high and low of Rs. 551.10 and Rs. 525.00 respectively. So far 86715 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 551.10 on 09-Dec-2024 and a 52 week low of Rs. 207.50 on 17-Jan-2024.
Last one week high and low of the scrip stood at Rs. 551.10 and Rs. 481.00 respectively. The current market cap of the company is Rs. 6633.14 crore.
The promoters holding in the company stood at 43.88%, while Institutions and Non-Institutions held 14.95% and 41.16% respectively.
Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with HDFC Bank (HDFC). As per the agreement, HDFC Credit cards bundled with Zaggle Software will be offered to corporate customers across industries. The order is to be executed within 3 years.
Earlier, the company had entered into an agreement with Hitachi India.
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.
