MobiKwik jumps as its arm gets BSE approval to commence Stock Broking business
One Mobikwik Systems is currently trading at Rs. 213.20, up by 11.50 points or 5.70% from its previous closing of Rs. 201.70 on the BSE.
The scrip opened at Rs. 215.70 and has touched a high and low of Rs. 226.60 and Rs. 210.40 respectively. So far 937256 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 355.00 on 19-Mar-2025 and a 52 week low of Rs. 190.95 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 226.60 and Rs. 199.70 respectively. The current market cap of the company is Rs. 1666.77 crore.
The promoters holding in the company stood at 25.11%, while Institutions and Non-Institutions held 7.96% and 66.94% respectively.
One MobiKwik Systems’ wholly-owned subsidiary -- Mobikwik Securities Broking (MSBPL) has received approval from the Bombay Stock Exchange (BSE) to commence its Stock Broking business. 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 2025.
With the latest approval in place, the company is now authorized to begin broking operations on the BSE. This enables MSBPL to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades. The development marks the completion of the key regulatory steps required for the subsidiary to operationalize its stock broking business.
