Zaggle Prepaid shares surge over 15% after Vijay Kedia firm buys 1.48% stake via bulk deal; what investors should know

Fintech SaaS firm, Zaggle Prepaid Ocean Services shares surged more than 15% during the morning market hours on Wednesday, August 19, as investors focused on Vijay Kedia-run company purchasing a 1.48% stake in the listed entity via a bulk deal transaction, according to NSE data.

Zaggle Prepaid shares gained 15.1% to touch a early market high of ₹190.94 apiece on Wednesday’s market, in comparison to ₹165.88 apiece at the previous equity market close, as per the data collected from NSE website.

The trading volumes for the company shares surged past 17.6 million on August 19, across both the stock exchanges, NSE and BSE, triggering the high volume gains on Wednesday’s market.

After touching the early market high, Zaggle Prepaid shares retracted some of its gains, trading 9.8% higher at ₹182.15 apiece during the morning market hours, in comparison to the previous close.

Due to the bulk transaction on Tuesday’s market, the company shares rebounded to close 3.3% higher from their intraday low levels triggered by the high volumes in the equity market.

Vijay Kedia buys 1.48% of Zaggle

As per the NSE bulk deals data, Vijay Kedia owned and operated Kedia Securities Private Ltd purchased a total of 20,00,000 or 20 lakh equity shares of Zaggle Prepaid through a bulk deal during Tuesday’s market hours.

The data further showed that Kedia Securities purchased the 20 lakh equity shares which represent around 1.48% of the total outstanding shareholding of the company at a weighted average price of ₹164.72 apiece.

A bulk deal is a stock purchase or sale transaction which involves more than 0.5% of the company’s total outstanding shares during a single trading session.

This stake purchase comes after the company shares corrected 20% post the April to June quarter financial performance where investors reacted to the company’s shrinking margins in the period under review due to elevated costs.

Why did Zaggle shares crash 20% this week?

Zaggle Prepaid shares tumbled 20% earlier this week on Monday, August 17, as investors reacted to the Q1 financial performance with lagging net profits, shrinking margins, and rising costs despite healthy revenue growth.

Although the company’s revenue from core operations advanced 27.5% in the June quarter of FY27, the overall net profit after tax declined 33% YoY to around ₹18 crore, in comparison to ₹26 crore in the same period a year earlier.

This fall in profit comes as rising costs increased the total expenses for the period by over 31%, in turn impacting the company’s EBITDA margins.

Zaggle’s earnings before interest, tax, depreciation and amortisation (EBITDA) margins contracted to 7.29% in the first quarter of FY27, from 9.18% in the same period a year earlier.

Zaggle share price trend

Zaggle Prepaid shares have lost 54% of their value in the last one year and have declined 46% on a year-to-date (YTD) basis in 2026, according to the NSE website.

The exchange data also showed that the company's shares have declined 10.8% in the last one-month period and have lost 7.3% in the last five market sessions.

Zaggle shares surged to their 52-week high of ₹417.60 apiece on August 19, 2025, while the 52-week low was at ₹154.36 apiece on August 18, 2026. The company’s market capitalisation (m-cap) was at ₹2,459 crore as of the trading session on Wednesday, August 19, 2026.