ZAGGLE

Zaggle Prepaid Ocean Services shares rebounded sharply this week

Zaggle Prepaid Ocean Services shares rebounded sharply this week after ace investor Vijay Kedia’s firm, Kedia Securities, acquired a 1.48 % stake (20 lakh shares worth ₹ 32.9 crore at ₹ 164.72 each). The stock jumped 26 % from Tuesday’s low to ₹ 194.70 on August 19 amid heavy volumes, recovering from its 52‑week low of ₹ 154.36. 📈 Zaggle Share Highlights (August 2026) 1. Stake Purchase by Vijay Kedia Buyer: Kedia Securities Pvt Ltd (owned by Vijay Kedia). Quantity: 20 lakh shares ≈ 1.48 % of equity. Value: ₹ 32.94 crore at ₹ 164.72 per share. Timing: August 18 bulk deal on NSE. Significance: Entry at record low levels signals long‑term confidence in Zaggle’s AI‑driven fintech model. 2. Stock Performance Date Price (₹) Change Volume (NSE + BSE) Aug 18 2026 154.36 (low) — — Aug 19 2026 194.70 (high) +26 % 10.6 million shares 1‑Year Range 417.40 → 154.36 −55 % YoY — Market Cap: ≈ ₹ 2,459 crore. Year‑to‑Date Performance: −47 %. Peers: Paytm, ExpenseOn, Happay (Spend Management segment). 3. Q1 FY27 Financial Results Revenue: ₹ 423 crore (+27.5 % YoY). Net Profit: ₹ 17.5 crore (−33 % YoY). EBITDA: ₹ 31 crore (Flat YoY). EBITDA Margin: 7.3 % vs 9.2 % last year. Reason for Margin Pressure: Acquisition costs for Dice and ***** One‑time vendor payments & relocation expenses for 100 professionals. Dice contract revenue to start reflecting from Q2 FY27. 4. Strategic Moves AI Integration: Zaggle is scaling AI across its spend‑management platforms (Save & Zoyer) for predictive expense analytics. Acquisitions: Dice and ***** Investment: ₹ 8 crore in Unobanc (Hop Financial Solutions subsidiary) to strengthen cross‑border payments and forex card business.