JM Financial predicts as much as 44% upside for Zaggle

JM Financial has initiated coverage on Zaggle Prepaid Ocean Services with a ‘Buy’ rating and a target price of Rs 520 per share, citing strong fundamentals and a potential upside of 44%. They note that India’s corporate spending market is underpenetrated, providing a long runway for growth. Zaggle’s customer stickiness and scalable SaaS-fintech platform give […]