Introduction:
IT stock has entered a strategic partnership with Gujarat International Finance Tec-City Company Limited (GIFTCL) to provide CoBrand Pre-Paid Citizen Card and Visitor Management system solutions. This 5-year contract enhances GIFTCL’s services, showcasing the company’s expertise in innovative solutions for large-scale entities.
Share Price movement of Zaggle Prepaid Ocean Services :
On February 24, 2025, Zaggle Prepaid Ocean Services Limited opened at ₹339.05, reaching a high of ₹358.00, up 3% from its previous close of ₹345.85 and a low of ₹334.45. Currently, it is trading at ₹353.25, with a market cap of ₹4,740.80 crore.
Zaggle Prepaid Ocean Services receives new order:
Zaggle Prepaid Ocean Services Limited has entered into a strategic partnership agreement with Gujarat International Finance Tec-City Company Limited (GIFTCL). The agreement involves Zaggle providing CoBrand Pre-Paid Citizen Card and Visitor Management system solutions for GIFTCL.
The contract is a domestic agreement with a duration of 5 years, and Zaggle is set to provide the specified solutions to enhance GIFTCL’s services. This partnership reflects Zaggle’s commitment to offering innovative solutions to large-scale entities.
The order does not involve any related-party transactions, and the promoters or their group companies do not have any interest in the awarded contract. The collaboration emphasizes Zaggle’s expertise in providing prepaid card and visitor management solutions.
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Ace investor holding of Zaggle Prepaid Ocean Services :
Ashish Kacholia holds 2,903,356 shares of Zaggle Prepaid Ocean Services, representing 2.16% of the company. The investment is valued at ₹102.5 crore, with a slight decrease of ₹0.21 from the previous quarter, reflecting confidence in the company’s future growth.
Ajay Kumar Aggarwal holds 1,349,615 shares of Zaggle Prepaid Ocean Services, representing 1.01% of the company. The investment is valued at ₹47.6 crore, showing a slight decrease of ₹0.14 crore from the previous quarter, reflecting ongoing confidence in the company’s future growth.
Stock performance of Zaggle Prepaid Ocean Services for Period of 1 week, 6 months and 1 year:
Over the past week, Zaggle Prepaid Ocean Services experienced a slight dip of 0.81%. However, over the last 6 months, the stock saw a decline of 5.56%. Despite these short-term drops, the stock has shown a solid 19.3% return over the past year.
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Shareholding pattern of Zaggle Prepaid Ocean Services :
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoter | 40.09 | 43.88 | 43.93 |
| FII | 9.17 | 6.14 | 5.95 |
| DII | 14.56 | 10.69 | 7.34 |
| Retail & others | 36.17 | 39.27 | 42.78 |
About Zaggle Prepaid Ocean Services :
Zaggle Prepaid Ocean Services Ltd (NSE: ZAGGLE) specializes in providing innovative digital payment solutions, including co-branded prepaid cards and visitor management systems. The company focuses on enhancing customer experiences for large-scale entities, offering tailored services to improve operational efficiency and streamline payment processes.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
