Zaggle signs 3-year service deal with HDFC ERGO for Propel rewards platform

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ZAGGLE · price

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Price reactionminutes from the announcement price · days from the prior close

-4.3%Reaction day

₹284.90

prior close

₹287.75

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-2.1%-2.2% vs market

IT Enabled Services peers, median of 74sector-2.3%-2.0% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.0 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

-1.0

15m

-1.3

30m

-2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.3-2.1-2.2-2.3-2.0

Next day

-2.7-2.0-0.7-2.4-0.4

+1.5-0.0+1.5-1.2+2.7

-1.0-0.4-0.6-3.3+2.2

-0.5+1.4-1.9-2.2+1.7

+0.0+0.1-0.1-1.0+1.0

+5.3+5.2+0.1+1.9+3.4

15d

-4.6+3.7-8.3-2.1-2.5

-17.4+3.5-20.9-2.8-14.6

-31.0-9.4-21.6-18.4-12.6

-7.7+9.0-16.7-3.8-3.9

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 74Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Zaggle has entered a three-year domestic service agreement with HDFC ERGO General Insurance. Zaggle will provide its Propel reward platform to HDFC ERGO. No promoter or group company interest exists in the counterparty, and the deal is not a related party transaction. The contract value has not been disclosed in the filing.

Likely market impact

Adds a new domestic insurance client to Zaggle's rewards business, but no financial size disclosed, so near-term impact on revenue is unclear.