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Tezzbuzz Desk- The entry of a big and famous investor in the stock market often brings the shares of a company into the limelight. something like that Zaggle Prepaid Ocean Services Has been seen with. Kedia Securities, the firm of veteran investor Vijay Kedia, has bought 20 lakh shares of the company. As soon as the news of this deal worth about Rs 33 crore came out, there was a tremendous rise in the shares of Jagal Prepaid on Wednesday and the stock jumped by about 17.4 percent during the trading.

On Wednesday, August 19, shares of Jagal Prepaid opened at Rs 187.40 against the previous closing price of Rs 165.88. After this, with increased buying, the share reached an intraday high of Rs 194.70. That means it saw a rise of about 17 percent in a single trading session. According to NSE bulk deal data, Kedia Securities on Tuesday bought 20 lakh shares of Jagel Prepaid at an average price of Rs 164.72 per share. According to this, the total value of the deal comes to around Rs 32.94 crore.

Interestingly, Vijay Kedia's firm has entered the company at a time when the stock of Jagal Prepaid had recently reached its 52-week low. On August 18, the stock had made a 52-week low of Rs 154.36. So far this year, the company's shares had fallen by about 47 percent. Even in the month of August, the stock was down by about 10 percent. In such a situation, amidst so much pressure, the purchase made by Kedia has started a fresh discussion about the company in the market. Vijay Kedia is not the only one interested in Jagal Prepaid. Veteran investor Ashish Kacholia also has a stake in the company. By the end of June 2026 quarter, Kacholia held 29,03,356 shares of the company, which is equivalent to about 2.16 percent stake. Apart from this, foreign portfolio investors i.e. FPIs also have about 2.31 percent stake in the company.

However, the company's recent financial results have not been entirely strong. Jagal Prepaid had released the results for the first quarter of the financial year 2026-27 on August 14. The company's net profit declined by 32.9 percent on annual basis to Rs 17.53 crore. Despite this, there was a good increase of 27.5 percent in the revenue from operations of the company and it reached Rs 423.27 crore. The major reason for the decline in profit has been said to be the expenses to some acquisitions made by the company. Dice and Zag.Money Expenses to acquisition, transfer of employees and lump sum payments had an impact on the company's margins. The company says that the impact of income from contracts to Dice may start becoming visible from the second quarter.

Now the question is what business does Jagal Prepaid do? The company primarily works on B2B2C model and provides SaaS based financial technology solutions for businesses. Its products include solutions to tax, payroll and corporate expense management. Companies from many big sectors like banking, finance, technology, healthcare, FMCG, infrastructure and automobile are its customers. This is why despite weak share performance and recent decline in profits, Vijay Kedia's purchase of about Rs 33 crore has attracted the attention of investors. However, purchase by a big investor cannot be considered as a guarantee of rise in the stock. Investors should take any investment decision only after understanding the company's business, financial position, valuation and future growth.