Latest news with #ZagglePrepaid
Mint
15-05-2025
- Business
- Mint
Ashish Kacholia portfolio small-cap stock Zaggle Prepaid jumps over 25% in 4 days. Is there more steam left?
A small-cap stock held by ace investor Ashish Kacholia has been making waves of late, jumping over 25 per cent in four sessions, defying stock market volatility. Zaggle Prepaid Ocean Services surged almost 10 per cent in intraday trade on the BSE on Thursday, May 15, looking set to extend gains to the fourth consecutive session, even as equity benchmarks, the Sensex and the Nifty 50, trade volatile. Zaggle Prepaid share price opened at ₹ 399.50 on Thursday against its previous close of ₹ 396.60 and jumped 9.7 per cent to an intraday high of ₹ 435. Around 12:10 PM, the small-cap stock traded 6.64 per cent higher at ₹ 422.95. Equity benchmark Sensex was flat at 81,353. (This is a developing story. Please check back for fresh updates.)
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Business Standard
13-05-2025
- Business
- Business Standard
Stock Market Close Highlights: Sensex crashes 1,282-pts, Nifty at 24,578; IT, Auto, FMCG top drag
Sensex Today | Stock Market Close Highlights: Among the sectoral indices, Nifty Auto, financial services, FMCG, and IT were the major laggards falling by over 1 per cent each 3:53 PM Stock Market LIVE Updates: Technical view Stock Market LIVE Updates: The dip in the index reflects caution among participants despite easing geopolitical tensions and stable global cues. However, we expect the overall tone to remain positive, given the noticeable support in the 24,400–24,600 zone. The focus should remain on identifying key sectors and themes showing relative strength and using intermediate pauses to accumulate quality stocks. View by Ajit Mishra – SVP, research, Religare Broking Ltd. 3:53 PM Stock Market LIVE Updates: Market expert view Stock Market LIVE Updates: The domestic market witnessed profit booking today, following yesterday's sharp rally. The relief-driven surge—fuelled by easing global and domestic risks, including a reduction in trade war tensions and Indo-Pak geopolitical stress—appears to be taking a breather. This consolidation is primarily affecting large-cap stocks, while mid- and small-cap segments continue to gain traction. This divergence is expected to persist, supported by broad-based earnings improvements reflected in Q4 results so far. Looking ahead, there is increasing optimism around FY26 earnings growth, underpinned by supportive fiscal and monetary policies, a rebound in external demand, a favorable monsoon outlook, and declining inflation and interest rates. These factors collectively suggest that midcaps are well-positioned to catch up and potentially outperform in the coming quarters. 3:41 PM Stock Market LIVE Updates: A glance at broader market 3:34 PM Stock Market LIVE Updates: Sensex closes at 81,148.22, down 1,282 pts Stock Market LIVE Updates: BSE Sensex closed at 81,148.22, slipping 1281.68 points or 1.55 per cent. 3:23 PM Stock Market LIVE Updates: CARE Ratings stock soars 15%, nears 52-week high post Q4 results Stock Market LIVE Updates: Shares of CARE Ratings hit a five-month high at ₹ 1,543.05, surging 15 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market after the company reported healthy earnings for the quarter ended March 2025 (Q4FY25). At 02:49 pm; CARE Ratings was trading 12 per cent higher at ₹ 1,509.60, as compared to 1.54 per cent decline in the BSE Sensex. Read more 3:12 PM Stock Market LIVE Updates: Zaggle Prepaid shares spike 8% after Q4 results; results analysis here Stock Market LIVE Updates: Shares of Zaggle Prepaid Ocean Services surged over 8 per cent on Tuesday, amid a broader market fall, as the company reported a 67 per cent rise in net profit for the fourth quarter ended March 2025. Zaggle Prepaid's stock rose as much as 8.22 per cent during the day to ₹396.7 per share, the highest level since early February this year. The stock pared gains to trade 5.56 per cent higher at ₹387 apiece, compared to a 1.45 per cent decline in Nifty 50 as of 2:20 PM. Read more 2:52 PM Stock Market LIVE Updates: YES Bank trades above 200-DMA for second straight day; eyes this target now Stock Market LIVE Updates: YES Bank shares surged nearly 5 per cent to an intra-day high of ₹21.39 on Tuesday, defying losses in benchmark indices. The NSE Nifty 50 index slipped over 1 per cent to 24,630, while the banking gauge—Nifty Bank—declined 0.7 per cent to 54,974. The stock has gained over 17 per cent in the past three trading sessions, following Japan-based Sumitomo Mitsui Banking Corporation's (SMBC) agreement to acquire a 20 per cent stake in YES Bank. According to reports, in one of the largest cross-border transactions in India's banking sector, State Bank of India (SBI) and seven private lenders will collectively divest a 20 per cent stake in YES Bank to SMBC for ₹13,482 crore. 2:42 PM Stock Market LIVE Updates: Lupin shares gain 4% on Tolvaptan Tablets launch in US; details here Stock Market LIVE Updates: Shares of pharma giant Lupin gained traction on Tuesday, May 13, 2025, defying broader market weakness. The stock climbed 3.65 per cent to ₹2,114.30 per share in intra-day trading on the National Stock Exchange (NSE). The surge in Lupin's share price followed the company's announcement of its US launch of Tolvaptan Tablets—available in 15 mg, 30 mg, 45 mg, 60 mg, and 90 mg—after securing approval from the United States Food and Drug Administration (US FDA). READ MORE 2:28 PM Stock Market LIVE Updates: Cipla Q4 result: Profit rises 30% to ₹1,222 cr; special dividend declared
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Business Standard
13-05-2025
- Business
- Business Standard
Zaggle Prepaid shares spike 8% after Q4 results; results analysis here
Zaggle Prepaid's stock rose as much as 8.22 per cent during the day to ₹396.7 per share SI Reporter Mumbai Shares of Zaggle Prepaid Ocean Services surged over 8 per cent on Tuesday, amid a broader market fall, as the company reported a 67 per cent rise in net profit for the fourth quarter ended March 2025. Zaggle Prepaid's stock rose as much as 8.22 per cent during the day to ₹396.7 per share, the highest level since early February this year. The stock pared gains to trade 5.56 per cent higher at ₹387 apiece, compared to a 1.45 per cent decline in Nifty 50 as of 2:20 PM. Shares of the company extended gains to their second day on Tuesday and have risen over 22 per cent from their recent lows of ₹313, which it hit early this month. The counter has fallen 25 per cent this year, compared to a 4.5 per cent gain in the benchmark Nifty 50. Zaggle Prepaid has a total market capitalisation of ₹5,164.2 crore. Zaggle Prepaid Q4FY25 The company's net profit climbed 66.8 per cent to ₹31.96 crore on a 50.5 per cent increase in revenue from operations to ₹411.45 crore in the fourth quarter of the financial year 2024–25 over the same quarter last year. Profit before tax (PBT) increased 62.2 per cent year-on-year to ₹42.11 crore in the fourth quarter of the financial year 2024–25. Reported earnings before interest, taxes, depreciation and amortisation (Ebitda) stood at ₹36.65 crore in the fourth quarter of the financial year 2024–25, registering a growth of 34.6 per cent as compared with ₹27.22 crore posted in the same quarter last year. The Ebitda margin reduced to 8.9 per cent in the fourth quarter of the financial year 2024–25 as against 10 per cent in the fourth quarter of the financial year 2023–24. On a full-year basis, the company's standalone net profit surged 98.7 per cent to ₹87.48 crore on a 68 per cent jump in revenue from operations to ₹1,302.65 crore in the financial year 2024–25 over the financial year 2023–24. Zaggle Prepaid management commentary Building on the strong performance, the company projects their organic FY26 topline growth to range between 35 per cent and 40 per cent. "As we continue to scale, we remain focused on driving margin expansion through increased operating leverage, operational efficiencies, and cross-sell opportunities," Zaggle Chairman Raj P Narayanam said. Incorporated in 2011, Zaggle is a uniquely positioned player in the FinTech industry, offering a diversified suite of products and services. The company is a recognised leader in spend management, having issued over 50 million prepaid cards in partnership with leading banks and serving a user base of more than 3 million.
Mint
08-05-2025
- Business
- Mint
Ashish Kacholia portfolio stock Zaggle Prepaid jumps 7% after THIS order book update
Stock market today: Ashish Kacholia-owned stock Zaggle Prepaid surged over 7% in Thursday's trading session (May 8) following an agreement with Grant Thornton Bharat LLP. Zaggle Prepaid, in an exchange filing today, said, 'Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into an agreement with Grant Thornton Bharat LLP (Grant Thornton).' Zaggle, a SaaS provider which builds financial solutions and products to manage the business expenses of corporates, has entered into a channel partner agreement with Grant Thornton for a period of three years. As part of the agreement, Grant Thornton will offer the Zaggle Spend Management platform to its corporate clients and large enterprises. The company had won another contract last month from Aster DM Healthcare. 'Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into an agreement with Aster DM Healthcare Limited,' the small-cap company said in a filing on April 30, 2025. As part of this one-year agreement, Zaggle would provide Aster DM Healthcare with the Zaggle Save (Employee expense management & benefits). The stock is part of ace investor Ashish Kacholia's portfolio. As of the March 2025 quarter, Kacholia holds 30,03,356 shares of Zaggle, amounting to a 2.24% stake. Following the order update, Zaggle Prepaid shares witnessed strong buying action, rising over 7% in intra-day deals. The small-cap stock opened the trade at ₹ 330.55, slightly higher than its previous closing price of ₹ 324.85. Thereafter, Zaggle stock extended gains to hit the day's high of ₹ 349.00 on the BSE, gaining as much as 7.43% over its last close. So far this year, Zaggle stock has fared poorly amid volatile Indian stock market conditions. It has lost 36.76% on a year-to-date (YTD) basis. However, in the last one year, the small-cap stock, part of Ashish Kacholia's portfolio, has risen 17%, according to data available on the BSE. As of 10.35 am, Zaggle Prepaid shares traded 6.20% higher at ₹ 345 apiece. The company's board is slated to meet next week on Monday, May 12, to consider and approve the financial results for the March 2025 quarter. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
