Zaggle Prepaid Ocean Services share price locked at 5 percent upper circuit on November 27 following the company entered into an agreement with Mastercard Technology.
At 09:20am, Zaggle Prepaid Ocean Services was quoting at Rs 490.85, up Rs 23.35, or 4.99 percent, on the NSE.
There were pending buy orders of 686 shares, with no sellers available.
MasterCard to recommend Zaggle SaaS platform, payment and card products to corporate customers and other ecosystem entities on a referral basis.
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The term commenced on November 26 and shall continue for the period of 7 years for domestic and international markets.
Last week, the company entered into an agreement with Golden Jasraj Music Platforms to launch a co-branded prepaid card (Cultural & Tourism Prepaid Card Program) to corporate customers and their users.
And, also entered into an agreement with Strada India to offer its SaaS platform, Payment and Card products to Corporate customers of Strada.
The company had posted a three-fold increase in consolidated net profit to Rs 20.3 crore for the September quarter, while its revenue from operations jumped 64.22 percent at Rs 302.5 crore.
The share touched a 52-week high of Rs 493.00 and a 52-week low of Rs 207.50 on 17 September, 2024 and 18 January, 2024, respectively.
Currently, the stock is trading 5.21 percent below its 52-week high and 125.2 percent above its 52-week low.
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