Ashish Kacholia holds a 2.24% stake: IT company enters into an agreement with DTDC Express Limited

The stock is up over 50 per cent from its 52-week low of Rs 218.25 per share.

On Wednesday, shares of Zaggle Prepaid Ocean Services Ltd gained 3.71 per cent to an intraday high of Rs 428.70 per share from its previous closing of Rs 413.35 per share. The stock’s 52-week high is Rs 597 per share and its 52-week low is Rs 281.25 per share.

Zaggle Prepaid Ocean Services Ltd has entered into a five-year agreement with DTDC Express Limited, a domestic entity. Under this agreement, Zaggle will provide DTDC Express Limited with its Zaggle Zoyer and Zaggle Save propositions, offering comprehensive employee expense management and benefits solutions. This strategic partnership aims to streamline DTDC's internal financial processes and enhance employee welfare.

According to Quarterly Results, the net sales increased by 51 per cent to Rs 412.11 crore, the operating profit increased by 52 per cent to Rs 48.63 crore and net profit increased by 63 per cent to Rs 31.14 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 68 per cent to Rs 1,303.76 crore, the operating profit increased by 72 per cent to Rs 140.78 crore and net profit increased by 100 per cent to Rs 87.92 crore in FY25 compared to FY24.

The company has a market cap of over Rs 5,500 crore and as of March 2025, Ashish Kacholia holds a 2.24 per cent stake in the company. The stock is up over 50 per cent from its 52-week low of Rs 218.25 per share.

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