Heavy buying & 52-week high alert: Ashish Kacholia gains Rs 14,44,94,378 in this multibagger stock in just one day!
Shares of the company gained more than 50 per cent in the last one month.
Shares of Zaggle Prepaid Ocean Services Limited gained over 18 per cent on Monday. The stock witnessed heavy buying activity from investors on Monday. Ace investor Ashish Kacholia holds a 2.21 per cent stake in the company. The stock also made a fresh 52-week high today. The company reported robust Quarterly Results for Q3FY24, with revenue increasing by 35.12 per cent YoY to Rs 199.51 crore. The operating profit grew by 247.96 per cent on a YoY basis and PAT increased by 919.62 per cent YoY to Rs 15.22 crore.
Also read, Top 5 Important Ratios to Unlock Stock Investment Success
Ace investor Ashish Kacholia made a killing on Monday, gaining over Rs 14.44 crore in profit on his 27,03,356 shares in Zaggle Prepaid Ocean Services, which soared by Rs 53.45 per share. The stock has also delivered multibagger returns of over 110 per cent in the last six months.
Recently, Zaggle has partnered with Nishi Forex, a leading Indian foreign exchange company, in a 5-year co-branding deal. Zaggle will leverage its existing client base to sell Nishi Forex cards, bundling them with their expense management software to drive sales and software usage.
Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows. Zaggle builds financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.