Shares of Zaggle Prepaid Ocean Services Ltd surged 7.08% in early trade on Wednesday, hitting ₹347.90 on the NSE, amid strong market sentiment and a key strategic announcement.
The rally comes after Zaggle entered into a three-year channel partner agreement with Grant Thornton Bharat LLP. As per the regulatory filing on May 8, 2025, Grant Thornton will offer Zaggle’s Spend Management platform to its corporate and large enterprise clientele across India.
This partnership is expected to significantly boost Zaggle’s visibility and market penetration in the enterprise segment, given Grant Thornton’s extensive consulting network. The contract is not classified under related party transactions, and no promoter group interest is involved, confirming it is an arm’s length deal.
Although the financial impact of the partnership hasn’t been disclosed, the strategic value has clearly lifted investor sentiment, pushing the stock to emerge as a top gainer on the NSE today.
Zaggle’s market cap currently stands at ₹46.54 billion with a P/E ratio of 47.48.
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