Zaggle Prepaid Shares Crash 20% and Hit Lower Circuit on Q1 Profit Drop

Shares of Zaggle Prepaid Ocean Services suffered a severe market correction on Monday, August 17, crashing the maximum permissible limit of 20 percent to trigger a lower circuit. The sharp sell-off was catalyzed by the release of the company's financial results for the first quarter of fiscal year 2027, which revealed a substantial contraction in net profit despite top-line revenue growth.