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Zaggle Shares Price in Focus As It Drops 25% in 4 Days Amid Profit Decline

Written by: Kusum KumariUpdated on: Feb 11, 2025, 12:01 PM IST
Zaggle shares fell 25% in 4 sessions, hitting a 10% circuit limit. Despite a profit rise of 29.6% YoY, future growth prospects remain positive. Ashish Kacholia holds a 2.16% stake.
Zaggle Shares Price in Focus As It Drops 25% in 4 Days Amid Profit Decline
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Zaggle Prepaid Ocean Services share price continued to fall on February 11, 2025, marking the fourth consecutive session of declines. The stock dropped by 6.14% at the open and hit the lower circuit limit of 10%, trading at ₹381.65 per share on the NSE. Over the past four sessions, the stock has fallen nearly 25%.

The stock price is ₹381.65, down ₹113.35 (-22.90%) over the past 5 days and ₹127.35 (-25.02%) in the past month. Over 6 months, the stock has gained ₹20.45 (5.66%), while it has risen ₹135.75 (55.21%) in the past year. In the last 5 years, the stock has surged ₹223.30 (141.02%).

Quarterly Profit Decline

The company reported a 2.47% dip in its sequential profit for the December quarter of the current fiscal year. However, the company’s profit after tax (PAT) increased by 29.6% year-on-year, reaching ₹19.7 crore for Q3 FY25, compared to ₹15.2 crore in the same period last year. The revenue for Q3 FY25 rose by 68.8%, reaching ₹336.8 crore, up from ₹199.5 crore in the previous year.

Future Growth Prospects

Zaggle’s management remains optimistic about the future. They are targeting a 58-63% growth in their topline for FY25. The company is also considering inorganic growth options, with discussions currently in advanced stages.

Ashish Kacholia’s Stake

The prominent investor Ashish Kacholia held a 2.16% stake in Zaggle in the December quarter, according to the shareholding pattern.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 11, 2025, 12:01 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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