India, March 19 -- Shares of fintech giant MobiKwik continued their rally for the second straight session today, zooming 18% to INR 351.90 apiece on the BSE during the early morning trade.

At 10:54 AM, the shares were trading 17.40% higher at INR 349.85. MobiKwik's market capitalisation stood at INR 2,717 Cr, with over 2.91 Cr shares changing hands.

This comes after the stock hit a 52-week low at INR 231.05 on Monday (March 17) post the end of the three-month anchor lock in period. However, the stock made a sharp recovery yesterday, surging 20% to end the session at INR 298.

MobiKwik made its public market debut in December 2024. Its shares got listed at INR 442.25 apiece on the BSE, a 58.5% premium to the IPO issue price of INR 279. ...