Zaggle Prepaid Ocean Services Stock Price: The stock of Fintech and SAAS (Software-AS-A-Service) Solutions Provider Jaggel Prepaid Ocean Services fell by 10 percent on February 10 and BSE put a lower circuit at Rs 424.30. In the October-December 2024 quarter, the company’s net consolidated profits increased by 29.69 percent on an annual basis and increased to Rs 19.74 crore. However, on a quarterly basis, the profit has fallen by about 3 percent.
The company had a profit of Rs 20.29 crore in the July-September 2024 quarter and Rs 15.22 crore in the December 2023 quarter. According to the information given to the stock markets, the consolidated revenue from the operations of Jaggel Prepaid Ocean Services increased by about 69 percent to Rs 336.88 crore in the December 2024 quarter to Rs 336.88 crore. It was Rs 199.50 crore a year ago. At the same time, the September 2024 was Rs 302.55 crore in the quarter.
The expenditure was recorded at Rs 314.14 crore, which was Rs 280.50 crore in the September 2024 quarter and Rs 183 crore in the December 2023 quarter.
Zaggle Prepaid Share climbed 58 percent in a year
After the latest decline, the market cap of Jaggel Prepaid Ocean Services has come to Rs 5,600 crore. The stock has strengthened 58 percent in a year. The shares were listed on BSE, NSE on 22 September 2023. The closing price on Listing Day on BSE was Rs 158.3. Since then, the stock has strengthened 168 percent. The stock has seen a record high of Rs 597 and a low of Rs 235 on BSE so far. The upper circuit is at Rs 518.50 with 10 percent limit.
Will buy stake in Mobileware
The jaggle prepaid Mobileware Technologies is about to buy 16.67 percent stake from its promoter in Private Limited. The purchase of this purchase was approved by the Board of Jaigal at the 7 February meeting. Mobileware is a digital payment infrastructure company. Its financial year 2023-24 had a turnover of Rs 16.99 crore.
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