Mobikwik shares have staged a strong rebound, surging 35% in just two days after plunging to a 52-week low of Rs 231 on March 17. The stock had witnessed a sharp 15% decline on that day as the IPO lock-in expiry triggered selling pressure. Today, as of 10:15 AM, the shares were trading 14.00% higher at Rs 339.65.
Listed on the NSE in December 2023 at Rs 440 per share—a 58% premium over its issue price of Rs 279—Mobikwik’s stock has faced significant volatility. Despite the recent recovery, it remains down over 32% from its listing price but is now trading approximately 7% higher than its issue price.
Mobikwik’s shares witnessed a sharp rise on Wednesday, opening at ₹310.30 and surging to an intraday high of ₹344.70 before hitting a low of ₹302.60. The stock remains significantly below its 52-week high of ₹698.30 but above the 52-week low of ₹231.10.
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