MobiKwik Stock Nearly 6% in a Day, Up 37% in a Week

Mumbai, September 5: One MobiKwik Systems Limited (NSE: MOBIKWIK, BSE: 544305) shares continued their bull run on Friday, rising 5.15% to ₹294 as of 1.44 pm IST. In the last week, the stock has yielded a crisp 37.33 percent return, equivalent to an absolute increase of ₹82.05. The performance makes MobiKwik one of the top gainers in the wider small-cap universe.

Shares Touch Intraday High ₹309, Opening at ₹279.95 

The stock opened at ₹279.95, compared to the previous close of ₹279.60, and touched an intraday high of ₹309.00 before retreating slightly in the afternoon session. The low for the session stood at ₹278.10. Turnover on the counter was reported at ₹57.96 crore, while market capitalisation reached ₹2,356.29 crore. Over the past year, MobiKwik shares have traded within a wide range of ₹218.85 to ₹698.30, underscoring the volatility of fintech counters.

Business Development Drives 36 Million Trips via Zaakpay WhatsApp Ticketing

Investor sentiment took a turn for the better last week when MobiKwik subsidiary Zaakpay announced a strategic collaboration with Capital Region Urban Transport (CRUT) and the Open Network for Digital Commerce (ONDC). The venture launched a WhatsApp-based bus ticketing service in Odisha that plans to enable almost 24 million commuters each year and process approximately 36 million trips. Transactions for the service are facilitated by UPI, cards, and net banking, a development aimed at further fueling digital uptake in public transport and cutting down reliance on cash-based transactions.

The steep upmove in the daily as well as weekly charts underscores MobiKwik’s increasing appeal to small-cap investors. Experts opine that the ability to hold on above the ₹300 level will be a key technical benchmark, which could open the door for further near-term upside. The recent fintech play by the company continues to reinforce its long-term growth story and makes it an interesting player in the growing Indian digital payments landscape.

REF: https://www.bseindia.com/stock-share-price/one-mobikwik-systems-ltd/mobikwik/544305/

https://www.bseindia.com/xml-data/corpfiling/AttachLive/6e48015a-1e58-41de-9895-9d433ad88504.pdf

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