MobiKwik shares drop over 4%, back to it’s listing price

Shares of One MobiKwik Systems Ltd., the parent company of payment solutions provider MobiKwik, witnessed significant intraday movement on Wednesday, January 22. The stock surged by 5% from its day’s low to hit an intraday high of ₹460.25. However, it failed to sustain the gains and traded 4.23% lower at ₹441.70 by midday.

Key Highlights:

  • Stock Performance: The stock has corrected nearly 40% from its peak of ₹698.30, recorded on December 26, 2024.
  • Quarterly Earnings: Earlier in January, MobiKwik reported a net loss of ₹3.6 crore for the September quarter, compared to a net profit of ₹5.3 crore in the same quarter last year.
    • Revenue from operations rose 43% YoY to ₹291 crore.
    • EBITDA declined by 37% YoY to ₹6.8 crore, while margins improved to 5.2% from 2.3% a year ago.
  • IPO Performance: MobiKwik made its stock market debut on December 18, with shares surging 90% on the listing day.

Despite recent corrections, MobiKwik maintains a market capitalization of ₹3,448 crore. The Relative Strength Index (RSI) of 42 indicates the stock is neither overbought nor oversold.

ONE MOBIKWIK SYSTEMS LTD Share Price history

Day Open Close Change %
Tue, Jan 21 2025
₹481.75
₹461.20
-3.76%
Mon, Jan 20 2025
₹476.05
₹479.20
+1.68%
Fri, Jan 17 2025
₹477.00
₹471.30
-0.33%
Thu, Jan 16 2025
₹480.00
₹472.85
+1.35%
Wed, Jan 15 2025
₹531.00
₹466.55
-11.89%
Tue, Jan 14 2025
₹521.00
₹529.50
+3.85%
Mon, Jan 13 2025
₹544.95
₹509.85
-7.50%
Fri, Jan 10 2025
₹575.70
₹551.20
-3.96%

 

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