Synopsis: One MobiKwik Systems Ltd (MOBIKWIK) stock rises to 12.5% in intraday trading on February 24, 2026. The rally follows a major regulatory milestone where the company’s subsidiary received final approval from the BSE to commence stock broking operations, marking a pivotal expansion into wealth management.
MobiKwik Stock Rises 12.5%
The fintech ecosystem witnessed a significant shift today as MobiKwik’s wholly-owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), secured the green light from the Bombay Stock Exchange (BSE).
This approval made MobiKwik stock rises 12.5%, effective from February 24, 2026, allows the platform to operationalize its stock broking services, following the initial registration granted by SEBI in July 2025.
Stock Market Reaction and Technical Momentum
Following the announcement, MobiKwik’s stock opened with a sharp gap-up and touched an intraday high of ₹227.37 on the NSE, representing a 12.6% gain from the previous close.
Technically, today’s price action has helped the stock reclaim its 5-day, 20-day, and 50-day moving averages. Analysts suggest that this breakout snaps a three-day losing streak, though the stock still faces long-term resistance near its 200-day moving average.
The high trading volume-exceeding 1.8 crore shares-underscores strong investor conviction in the company’s new revenue vertical.
The Strategic Shift to Wealth Management
MobiKwik is steadily evolving from a pure-play digital wallet into a full-stack financial services platform. With its entry into the stock broking space, it will now compete directly with established players like Zerodha, Groww, and Angel One.
Key expansion pillars include:
- Equity Trading: Buying, selling, and settlement of equity trades for over 186 million registered users.
- Financial Inclusion: Targeting “Bharat” users by simplifying investment tools for first-time retail participants.
- Revenue Diversification: Adding brokerage and transaction fees to its existing payments and credit (ZIP EMI) business.
Also Read: Why UPL Shares Crashed 13% Today
Profits Turning Green
The regulatory approval coincides with a positive financial turnaround. MobiKwik recently reported a consolidated net profit of ₹4.05 crore for the December 2025 quarter (Q3FY26), a significant recovery from the loss of ₹55.28 crore in the same period last year.
Furthermore, the company’s contribution profit climbed 76% year-on-year, reflecting disciplined cost control. The fintech firm prepares to scale its wealth distribution arm.
Market participants are closely watching its ability to convert its massive wallet user base into active stock market investors.
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