Ashish Kacholia-backed stock jumps 14 per cent with over 900 per cent profit surge and record quarterly revenue: A must-watch!

Corporate partners includes heavyweight brands like TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP – Sanjiv Goenka Group), Hiranandani group, Cotiviti, and Greenply Industries.

The Indian benchmark indices are painting a vibrant picture this Wednesday, with the Nifty 50 index surmounting the significant psychological milestone of 22,000 points, while the Sensex is poised to breach the 72,400 mark. Amidst this buoyant atmosphere, one particular stock has stolen the spotlight with a stellar performance right out of the gate.

Enter Zaggle Prepaid Ocean Services Ltd, a trailblazer in crafting cutting-edge financial solutions tailored to streamline the expense management of corporates, SMEs, and startups through automated and innovative workflows. Boasting a remarkable track record, Zaggle has issued over 50 million prepaid cards in collaboration with esteemed banking partners and has served upwards of 2.27 million users as of March 31, 2023, cementing its status as a frontrunner in spend management.

What sets Zaggle apart is its sector-agnostic approach, catering to a diverse clientele spanning across banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile industries. Its illustrious roster of corporate partners includes heavyweight brands like TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP – Sanjiv Goenka Group), Hiranandani group, Cotiviti, and Greenply Industries.

The latest quarterly report paints a picture of soaring success for Zaggle, with a record-breaking surge in revenue and a staggering 919.5 per cent year-on-year jump in profit after tax in Q3FY24. Notably, the renowned investor Ashish Kacholia has shown considerable confidence in the company, holding a substantial stake of 2.21 per cent.

Market sentiment towards Zaggle remains resoundingly positive, evidenced by its impressive gains of over 16 per cent in the past month and 13.22 per cent over the last three months. Commenting on this remarkable performance, Raj P Narayanam, Founder and Executive Chairman of Zaggle, expressed his elation, attributing the success to strategic product diversification and the successful launch of credit card offerings.

Looking ahead, Zaggle is poised for further expansion, with recent endeavors like the fleet loyalty card program with Torrent Gas Limited opening up significant avenues for growth. With a relentless commitment to innovation and excellence, Zaggle is well-positioned to maintain its upward trajectory and solidify its standing as an industry leader.

In conclusion, Zaggle Prepaid Ocean Services Ltd undoubtedly merits a prime spot on every investor's watchlist, poised to ride the wave of success in the dynamic financial landscape.

Disclaimer: The article is for informational purposes only and not investment advice.