India, Sept. 1 -- Shares of fintech company Mobikwik surged as much as 15.6% to INR 254.15 during the intraday trading on the BSE today, snapping a six-session losing streak.
However, the stock gave up some of the gains to end the session 7.9% higher at INR 237.25 on the BSE. MobiKwik's market capitalisation stood at INR 1,854.16 Cr (around $210 Mn) at the end of the session.
Today's rally came after the downward spiral of the stock for the past month or so. The decline began after its weak Q1 performance.
MobiKwik's net loss surged nearly 535% YoY to INR 41.9 Cr in Q1 FY26 but narrowed 25.2% sequentially from INR 56 Cr. Operating revenue declined 20.7% YoY to INR 271.4 Cr during the quarter. On a sequential basis, revenue rose marginall...