Zaggle Prepaid Ocean Services Stock Soars 14.3% for Multibagger Performance

Zaggle Prepaid Ocean Services shares delivered multibagger returns with a 14.3% increase today, marking the biggest intraday jump in six months. Investors are reacting positively to new partnerships and robust earnings. This surge cements Zaggle as one of the top gainers today in the stock market.

Latest Performance and Growth Indicators

The stock's recent 14.3% surge has drawn attention, reaching a record high of ₹420 per share. This milestone comes after an announcement of a partnership with HDFC Ergo to offer the Zaggle Propel reward platform. The deal is expected to contribute significantly to the company's growth through FY25.

Q1 FY25 Results Reflect Strong Performance

• Revenue: ₹252 crore, a remarkable increase of 112.9% YoY
• Net Profit: ₹16.7 crore, up by 713.6% from the previous year
• Client Growth: Onboarded 100 new clients, adding 160,000 users

Such performance reflects the increasing acceptance of Zaggle's services among larger clients and a strategic approach to market expansion.

Future Outlook and Strategic Moves

With ongoing partnerships and a solid growth trajectory, Zaggle maintains its target of 45-55% revenue growth for FY25. Notable collaborations and plans for new market entries, particularly in the US, are set to enhance the company’s competitive position. Brokerages remain optimistic about Zaggle’s continuing upward trend.

Stock Performance Since IPO

Since its listing in September 2023, Zaggle Prepaid shares have soared, now trading 150% above the IPO price of ₹164. February saw a peak monthly gain of 52%, showcasing the stock's trend of delivering substantial shareholder returns.