Ashish Kacholia, better known for his investing strategies and absence in the media, is one of the renowned Indian stock market investors.
He started his career with Prime Securities and later joined Edelweiss where he used to handle the equity research desk. Finally, he incorporated his broking firm, Lucky Securities, where he’s building his portfolio.
As per the latest corporate shareholdings filed, Ashish Kacholia publicly holds over 39 stocks with a net worth of around Rs. 2,708.2 crores. He focuses on companies with strong fundamentals. A few of his holdings have given him over 500 percent returns from the investment value.
Listed below is one such Ashish kacholia stock that has delivered more than a 20 percent return in just five trading sessions:
With a market capitalization of Rs. 5,347 crores, the shares of Zaggle Prepaid Ocean Services started Thursday’s trading session on a higher note at Rs. 419 compared to its previous close of Rs. 409.35.
During the trading session, the shares hit a high of Rs. 444.95, gaining around 10 percent and are currently trading at Rs. 434 apiece.
The stock has experienced a notable gain of approximately 22 percent within just five trading sessions and has achieved around 100 percent in returns on a YTD basis. Over the past year, Zaggle Prepaid Ocean Services has demonstrated impressive performance with returns nearing 175 percent.
Reflecting on strategic collaboration and revenue guidance, the stock has moved significantly over the previous few days. Here are the reasons:
Recently, the company announced that it had entered into an agreement with HDFC Ergo General Insurance company.
According to the agreement details, Zaggle would provide the Zaggle Propel reward platform (Channel rewards & recognition) to HDFC Ergo. This agreement will remain in effect until August 31, 2025, unless terminated according to the terms specified within it.
Previously, Zaggle Prepaid also announced a new agreement with Blue Star Ltd. Under this agreement, Zaggle will provide its Zaggle Save platform, which includes expense management and employee benefits services, to Blue Star Ltd employees for one year.
Additionally, the company has revised its revenue growth projection for FY25 to between 45 percent and 55 percent, up from an earlier estimate of 40 percent and aims to double its revenue within the next two years, driven by strong business partnerships and a robust order inflow.
As per reports, Zaggle has recently partnered with over 50 corporates in just 40 days, indicating strong market demand. The company is also exploring complementary inorganic growth opportunities to scale its operations.
Moreover, the company has formed partnerships with notable firms such as Emcure Pharma and Wipro, enhancing its employee flexi benefits solutions. Additionally, a collaboration with EaseMyTrip aims to streamline travel and expense management for corporate clients.
According to the BSE data, Ace Investor Mr Ashish Kacholia, entering the stock in September 2022, currently holds around 27.03 lakh equity shares equivalent to a 2.37 percent stake in this company. The current holding value of his investment amounts to Rs. 126.5 crores.
Headquartered in Mumbai, Zaggle Prepaid Ocean Services was incorporated in 2011. The company specializes in providing solutions for expense management, employee tax benefits, rewards and recognition programs, corporate gifting, and incentives. The company holds the leading position for the issuance of prepaid cards in India, with 50+ million cards issued.
Written By Vaibhav Patil
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