Today, on 19th March 2025, One MobiKwik Systems experienced a 20% trade boost. On Tuesday, 17th March, MobiKwik shares recorded a new 52-week low of Rs. 231.10, and since the opening bell today, the 20% spike helped the company recover from the week’s losses.
The shift in the stock value could be attributed to the IPO lock-in expiry, which would make the company eligible to trade again. MobiKwik is experiencing heavy trading volumes today, so analysts advise monitoring the company’s stock movement.
Today, MobiKwik shares opened to the market at Rs. 310.30 and are currently up by 6.5% compared to the opening bell rates and by 10.5% compared to the previous session’s close of 297.95.
MobiKwik Share Price in Today’s Market
At 1:00 p.m., One MobiKwik Systems traded its shares at Rs. 327.80, nearly 5.4% higher than the opening rate. And 9.8% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 2,541 cores; the UC Limit is 357.50, and the LC Limit is 238.40.
Company Financials
MobiKwik is an Indian digital wallet and platform that allows users to pay and borrow money. The company reported its Q3 financials ending 31st December 2024 on 4th February. During this period, the company suffered a net loss of Rs. 55.28 crore, marking a massive decline from the net profit of Rs. 5.27 crore in the same period as the previous year.
MobiKwik’s total revenue climbed by 17.7% year-on-year to Rs. 269.47 crore, against Rs. 226.95 crore in the same quarter of the last fiscal year. The data reported that operating expenses grew by 10.54% to Rs. 320.58 crore, compared to Rs. 368.54 crore in the previous quarter.
Recent News About MobiKwik
- In January this year, Mobikwik, Yes Bank, and RBI collaborated and introduced a full-scale version of India’s Central Bank Digital Currency (CBDC), the e-rupee. This makes MobiKwik the first digital wallet with a comprehensive e-rupee experience for Android users.
- In January 2025, Chandan Joshi, Co-founder and CEO of MobiKwik’s payments division resigned from his position.
MobiKwik Share Price Target
According to Analyst consensus, Mobikwik has an average 12-month price target of Rs. 700, with a potential upside rating of approximately 112.12% from the current price.
Experts Recommendation On Buy, Sell, Or Hold?
Technical indicators and analysts’ opinions indicate a “strong buy.” Before investing in MobiKwik, consider its long-term performance and consult your analyst to make the perfect move.
