MobiKwik Stock Rises on Broker License, Down 44% Since IPO

  Published 9 months ago

Indian fintech MobiKwik gains 2.3% after the regulator approves a stockbroker license for its unit, though shares remain down 44% since the December IPO.

  • ONEM.NS rises 2.3% to 247.15 rupees post approval for MobiKwik Securities as stockbroker.
  • Stock initially traded 0.4% lower before the regulator nod, signaling mixed investor sentiment.
  • Shares down ~44% since market debut on December 18 despite regulatory milestone.

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