India's Zaggle Prepaid up on FY25 rev growth outlook

Zaggle Prepaid Ocean Services

24/05/2024 05:33

** Shares of Zaggle Prepaid Ocean Services  ZAGG.NS  rise as
much as 7.6% to 338.1 rupees, highest since March 11
    ** Fintech firm said on Thursday it expects revenue growth
for FY25 to be 45%-55% and that it plans to expand
geographically into US markets
    ** Adds, poised to double rev over next 2 years through
organic growth
    ** More than 3 mln shares change hands, 2x its 30-day avg
    ** ZAGG trading above its 100-day simple moving avg since
mid-Feb
    ** Stock up 13% so far this week, eyes best weekly gain
since March 1


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))