Ashish Kacholia’s portfolio small-cap IT stock; Company bags new orders worth Rs 76,56,80,000 from Kotak Mahindra Bank and Toshiba Software!
He brought at Rs 164 per share and today it is trading at Rs 224.20 per share, a gain of 61 points or 36.71 per cent.
Zaggle Prepaid Ocean Services Ltd has entered into various agreements. Here are the details:
Agreement No - 1: The company has entered into a cobrand agreement with Kotak Mahindra Bank Limited. This partnership is a win-win for both corporates and their employees. Corporates will benefit from a more streamlined and efficient way to manage their payroll and employee benefits, while employees will benefit from a wider range of benefits and more control over their finances. The order is worth Rs 76,00,00,000 in 3 years by conservative estimates.
Agreement No – 2: The company has entered into another agreement with Toshiba Software (India) Private Limited. The contract will be for 36 months. The subscription fee is Rs 149 per active user per month. Active users are any Toshiba employee who has submitted a report in each month. The minimum number of users is 250 per month. The per-user fee will increase by 5 per cent after each year. There is a one-time set-up fee of Rs 1,50,000. The order is worth Rs 56,80,000.
Earlier, the company Zaggle has signed a five-year agreement with Visa worth USD 200 million to issue Forex Cobrands Cards. Visa will pay Zaggle a launch bonus and incentives for Forex transactions. This partnership will allow Zaggle to sell forex cards to employees of its corporate clients.
On Friday, shares of this company plunged 0.18 per cent to Rs 224.40 per share with an intraday high of Rs 230.30 and an intraday low of Rs 222.05.
An ace investor, Ashish Kacholia brought 18,29,269 shares or 1.50 per cent stake in the company at Rs 164 per share aggregating to Rs 30 crore in the September quarter (Q2FY24) as per data available on BSE.
He brought at Rs 164 per share and today it is trading at Rs 224.20 per share, a gain of 61 points or 36.71 per cent.
About the Company
Zaggle is a fintech company founded in 2011 that provides automated and innovative solutions to help businesses manage their expenses. The company offers a range of fintech and SaaS products and services to corporates in a variety of industries, including banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile.
Zaggle has a market cap of Rs 2,740 crore. In FY23, the company's net sales increased by 49.80 per cent to Rs 553.46 crore, while its EBITDA decreased by 19.64 per cent to Rs 48.09 crore and net profit decreased by 45.37 per cent to Rs 22.90 crore, compared to FY22.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Related articles
-
Ashish Kacholia gains Rs 2,64,32,937 in this recently listed IT stock in just 1 day; Company bags new order worth Rs 98,64,000 from BOB Financial Solutions Ltd!
-
Ashish Kacholia-backed multibagger penny stock bags new orders worth Rs 305 crore from Torrent PowerGrid Ltd and Oman, UAE – Scrip hit upper circuit & 52-week high!
-
Stock up over 10 per cent in just 1 day: This small-cap company bags new orders worth Rs 1,164 crore from BPCL, IOCL, HPCL, Reliance Industries & Nayara Energy!
-
Ashish Kacholia’s & Mukul Agrawal’s multibagger micro-cap stock with Rs 120 crore order book; Company bags new order worth Rs 5,98,00,000 from Omaxe Group!
-
Rs 20,284 lakh order book: Ashish Kacholia’s portfolio multibagger stock receives order worth Rs 5,02,13,174 from Paradip Port Authority!
-
Ashish Kacholia bought 18,29,269 shares of this small-cap IT stock; scrip hit 52-week high and receives a new order worth USD 200,00,000!
-
This small-cap civil construction company has secured an order worth Rs 169 crore
-
This small-cap company receives an order worth Rs 134 crore!
-
This small-cap infra stock secured orders worth Rs 1,294 crore!
-
18,000 per cent multibagger returns: Ashish Kacholia’s portfolio chemical stock bags order worth Rs 675 crore from a leading Japanese Specialty Chemical Company
-
Multibagger penny stock at Rs 42 with 1,800 per cent returns: This micro-cap company imports new high-tech machinery worth Rs 1 crore to boost production and enter new markets
-
Rs 2,100 crore order book: This multibagger pipes manufacturing company bags new order worth Rs 505 crore from an International Customer
-
Multibagger penny stock under Rs 25: This micro-cap company bags a new export order worth USD 1,97,793 from the United States of America!
-
Rs 482 crore order book & FIIs bought 29,521 shares: This multibagger company bags new order worth Rs 11.54 crore from UDUPI Cochin Shipyard Ltd
-
Multibagger penny stock at Rs 63: This iron & steel company bags new order worth Rs 10.75 crore from Bansal Wire Group
-
Small-cap power generation equipment manufacturer secures orders from NTPC; This company manages 50 per cent of India's power flow with its equipment and software
-
6,800 per cent returns and promoters & FIIs increase stake: This rice-selling company bags new order worth Rs 465 million from Sultanate of Oman
-
Multibagger in just 1 year: This iron & steel company bags new orders worth Rs 611 crore from Latin America
-
Multibagger penny stock below Rs 10: This civil construction company bags solar power order worth Rs 329.73 crore from Gujarat Industries Power Company Ltd
-
Rs 35,10,00,000 total order from Integral Coach Factory: This multibagger company bags an order worth Rs 8.26 crore in Chennai