MobiKwik shares jump 13% after subsidiary gets BSE approval to begin stock broking business
MobiKwik shares surged up to 13% after its subsidiary received BSE approval to commence stock broking operations, completing key regulatory steps. The move marks the company’s expansion into financial services. Despite the rally, the stock remains...
By Debaroti Adhikary, ETMarkets.com | Updated:
Agencies
Mobikwik shares rise after its subsidiary secures BSE approval to launch stock broking operations, signalling expansion into financial services.
Shares of One MobiKwik Systems rallied nearly 13% on Tuesday after the company announced its subsidiary has received BSE approval to commence stock broking business.
The shares of the fintech company rose to Rs 227.37 apiece in the morning trading hours, snapping a three-session losing streak.
Why are MobiKwik shares rallying today?
Mobikwik on Monday announced that its wholly owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), has received the stock exchange’s nod, with effect from Tuesday. BSE approval comes after market regulator SEBI granted stock broking registration to MSBPL in July 2025.
After BSE approval, MSBPL will now be allowed to begin broking operations on the stock exchange. It can buy, sell, deal, clear and settle equity trades. MobiKwik said this marks the completion of the key regulatory steps required for the subsidiary to operationalise its stock broking business.
Speaking about the development, MobiKwik Co-founder and CFO Upasana Taku said that BSE approval marks a “pivotal step” in the company’s evolution into a scaled financial services platform.
MobiKwik share price
The shares of the company had made a strong debut at Rs 440 apiece on NSE in December 2024, marking a premium of around 58% from the IPO price of Rs 279 apiece.
The stock has so far fallen more than 48% from its listing price and is down more than 18% from its IPO price.
After jumping 13%, MobiKwik shares pared some gains and were trading around 8% higher at Rs 217.73 apiece, as seen at 9.38 am on Tuesday.
The stock has gained around 3% in one week and over 10% in one month. It is, however, down around 5% in 2026 so far.
The company’s market capitalisation currently stands at Rs 1,720.26 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of The Economic Times.)
The shares of the fintech company rose to Rs 227.37 apiece in the morning trading hours, snapping a three-session losing streak.
Why are MobiKwik shares rallying today?
Mobikwik on Monday announced that its wholly owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), has received the stock exchange’s nod, with effect from Tuesday. BSE approval comes after market regulator SEBI granted stock broking registration to MSBPL in July 2025.
After BSE approval, MSBPL will now be allowed to begin broking operations on the stock exchange. It can buy, sell, deal, clear and settle equity trades. MobiKwik said this marks the completion of the key regulatory steps required for the subsidiary to operationalise its stock broking business.
Speaking about the development, MobiKwik Co-founder and CFO Upasana Taku said that BSE approval marks a “pivotal step” in the company’s evolution into a scaled financial services platform.
ADVERTISEMENT
“India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. We will continue to responsibly serve the financial needs of Bharat and build products that genuinely improve financial inclusion,” she said.MobiKwik share price
The shares of the company had made a strong debut at Rs 440 apiece on NSE in December 2024, marking a premium of around 58% from the IPO price of Rs 279 apiece.
The stock has so far fallen more than 48% from its listing price and is down more than 18% from its IPO price.
After jumping 13%, MobiKwik shares pared some gains and were trading around 8% higher at Rs 217.73 apiece, as seen at 9.38 am on Tuesday.
ADVERTISEMENT
The stock has gained around 3% in one week and over 10% in one month. It is, however, down around 5% in 2026 so far.
The company’s market capitalisation currently stands at Rs 1,720.26 crore.
ADVERTISEMENT
(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of The Economic Times.)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
