Vijay Kedia's ₹33 cr bet sends this stock 17% higher

Meanwhile, the Economic Times daily newspaper is available online now.

Key points

• Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate.
• Zaggle Prepaid Ocean Services shares surged after Kedia Securities, owned by investor Vijay Kedia, acquired 20 lakh shares, or a 1.48% stake, through a bulk accord at Rs 164.72 apiece.
• Zaggle Prepaid Ocean Services' adjusted EBITDA margin declined to 8.2% in Q1 FY27 from 10.1% in the same quarter of FY26.
• Zaggle Prepaid Ocean Services crashes 20%, hits lower circuit after Q1 PAT declines 33% YoY Zaggle Prepaid Ocean Services share cost.
• Vijay Kedia buys Rs 33 crore stake in Zaggle Prepaid Ocean Services via bulk accord, stock skyrockets 17%.

Vijay Kedia buys Rs 33 crore stake in Zaggle Prepaid Ocean Services via bulk accord, stock skyrockets 17%. ETMarkets.comLast Updated: Aug 19, 2026, 11: 09: 00 AM IST.

Zaggle Prepaid Ocean Services shares surged after Kedia Securities, owned by investor Vijay Kedia, acquired 20 lakh shares, or a 1.48% stake, through a bulk accord at Rs 164.72 apiece. The purchase came a day after the stock fell 20% after fragile Q1 FY27 earnings.

Ace investor Vijay Kedia's firm Kedia Securities purchased 20 lakh shares of digital expense management and SaaS solutions firm Zaggle Prepaid Ocean Services worth Rs 33 crore via a bulk agreement, sending the stock up 17% on Wednesday. Kedia Securities purchased 20 lakh shares of the business at an average cost of Rs 164.72 apiece via a bulk agreement on Tuesday, implying less than a 1% discount from the day's closing cost of Rs 165.88 apiece, according to data on NSE.

Kedia's entry into the stock came after it crashed sharply. After hitting a 52-week high of Rs 418 apiece in August last year, the stock more than halved in less than a year to hit a fresh 52-week low of Rs 154 apiece yesterday. Zaggle Prepaid Ocean Services financials.

Earlier this week, the stock crashed 20% to hit the lower circuit after a subdued earnings print, with net profit dropping more than 32% year-on-year to Rs 17.53 crore for the April-June quarter of FY27, from Rs 26.11 crore in the same period last year. Zaggle Prepaid Ocean Services' adjusted EBITDA margin declined to 8.2% in Q1 FY27 from 10.1% in the same quarter of FY26. The firm attributed the decline to expenses related to the Dice acquisition, including transaction costs, one-time vendor payments and relocation expenses for more than 100 professionals. Revenue from Dice contracts was not captured in Q1 FY27 and will start reflecting from Q2 FY27 onwards. Live Events.

While calibrating its capitalisation and instilling greater cash flow discipline to position the business for higher-margin expansion in the years ahead, commenting on the Q1 performance, Raj P Narayanam, Founder and Executive Chairman of Zaggle Prepaid Ocean Services, remarked, "Q1 FY27 marks an important inflection point for Zaggle as we move from a decade of profitable growth into a phase of transformation through consolidation." He went on that the company's focus is now firmly on optimising core operations, scaling AI throughout its platforms and integrating its recent acquisitions. Zaggle Prepaid Ocean Services crashes 20%, hits lower circuit after Q1 PAT declines 33% YoY Zaggle Prepaid Ocean Services share cost.

Vijay Kedia's stake acquisition boosted investor sentiment in the stock. It sharply rallied over 17% to trade at Rs 194.70 apiece on Wednesday morning. The stock afterwards pared some gains to trade around 10% higher at Rs 182.66 apiece. Despite today's sharp gains, Zaggle Prepaid Ocean Services shares remain over 9% down in a week, 14% down in a month and 27% down in 2026 so far. Overall, the stock has fallen more than 55% in one year. For context, the firm at present has a market capitalisation of almost Rs 2, 461 crore. Its P/E ratio stands at 17.13. Vijay Kedia sells 4 lakh shares of this microcap facade maker in Q1, stock down 35% in 6 months. Do you own? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times).

Zaggle prepaid ocean servicesZaggle Prepaid Ocean ServicesZaggle share priceVijay KediaKedia SecuritiesZaggle bulk dealZaggle Q1 FY27Zaggle stockSaaS stocks.

Power shift, a déjà vu: Air India could be new CEO's toughest flight yet. The Nifty doesn't predict India. It records it.

ET Prime special series: Bigger or Better? Bharat Electronics' 2013 to 2026 journey – Part 2. Will Uncle Sam's 100% tariff threat stop India's Russian oil imports?

For now, vijay Kedia' s ₹33 cr bet sends this stock 17% higher remains the part of the story worth watching, and further updates are likely as more details are confirmed.