MobiKwik Stock Surges 15% on Supply Relief

  Published 1 year ago

India's MobiKwik jumps 15% to 282.3 rupees, driven by reduced supply concerns after a large stake trade and lock-in expiry.

  • 6.8M shares (8.8% stake) traded at 231.1 rupees, a 6.4% discount to prior close.
  • Analysts cite waning fears of share supply overhang post-lock-in expiry on June 18.
  • Stock remains down ~52% year to date despite recent gains.

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