India, Feb. 24 -- Shares of fintech company MobiKwik rallied 12.3% to Rs.226.6 during the early trading hours today, after the company received BSE's approval to commence its stock broking business.

The stock gave up some of the gains later and was trading 4.04% higher at Rs.209.85 on the BSE at 11:35 IST. The company's market capitalisation stood at Rs.1,650 Cr (about $181.4 Mn) at the time.

Yesterday, MobiKwik said that the BSE approved its subsidiary Mobikwik Securities Broking Private Limited (MSBPL) to commence stock broking operations.

"BSE has enabled MSBPL on its platform with effect from February 24, 2026. The BSE nod follows the grant of stock broking registration to MSBPL by the Securities & Exchange Board of India in July 2...