MobiKwik Extends Rally For Second Session, Surges 12.4% Today

SUMMARY

Continuing its rally for the second day, shares of MobiKwik hit the 20% upper circuit at INR 284.70

Abu Dhabi Investment Authority sold 16.44 Lakh equity shares of Mobikwik for a deal value of around INR 39.21 Cr

In Q1 FY26, the company’s net loss surged nearly 535% YoY to INR 41.9 Cr in Q1 FY26, though it narrowed 25.2% sequentially from INR 56 Cr

Update | September 2, 18:32 IST

Continuing its rally for the second day, shares of MobiKwik hit the 20% upper circuit at INR 284.70 during the intraday trading on the BSE today.

The stock ended the day’s trade 18.63% higher at INR 281.45. The company’s market capitalisation stood at INR 2,199.59 Cr (about $ Mn) at the end of the session.

Original | September 2, 11:32 IST

Continuing its rally for the second straight day, shares of MobiKwik surged 12.4% to INR 266.85 during the intraday trading on the BSE today.

Later, the stock gave up some of the gains and was trading 10.6% higher at INR 262.40 at 10:20 AM. MobiKwik’s market capitalisation stood at INR 2,050.71 Cr (about $232 Mn), with 1.9 Cr shares changing hands.

Today’s rally came a day after Abu Dhabi Investment Authority (ADIA) exited the company by selling 16.44 Lakh equity shares at INR 238.45 per share in a bulk deal worth INR 39.21 Cr.

As per NSE data, BOFA Securities Europe SA bought 5 Lakh shares of MobiKwik for INR 243.61 apiece.

Notably, shares of MobiKwik jumped over 15% yesterday to snap a six session losing streak.

The rally comes after the stock’s downward spiral over the past month following the company’s weak Q1 performance. The fintech company’s net loss surged nearly 535% YoY to INR 41.9 Cr in Q1 FY26. However, it narrowed 25.2% sequentially from INR 56 Cr. Operating revenue declined 20.7% YoY to INR 271.4 Cr but inched up slightly from INR 267.8 Cr in the previous quarter.

With the sharp rally over the last two days, the stock has recouped some of the losses. However, it is still down nearly 60% on a year-to-date basis.

MobiKwik went public in December last year, making its stock market debut at a 58.5% premium to its IPO issue price of INR 279. Its shares are currently about 4% below the issue price and nearly 61% lower than their 52-week high of INR 698.30.

Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik is a digital banking platform offering financial products for both consumers and merchants, with revenue streams spanning payments, gateway services, financial services, and investments.

Cofounder and CFO Taku told Inc42 that FY25 was one of the best years for the company, but a sharp change in sentiment towards unsecured lending, triggered by RBI regulations on peer-to-peer (P2P) lending, forced MobiKwik to shut or restructure key lending products like Xtra and Zip. This led to a sharp decline in lending revenue and user activity.

In order to ramp up its revenue, MobiKwik recently entered the stockbroking sector and is targeting the underserved tier II and Bharat markets, avoiding competition in tier I cities dominated by Groww and Zerodha.