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MOBIKWIK

Sees Block Deal Buzz! 🚨

📊 What happened? A deep-pocketed player—Net1 Applied Technologies (South Africa)—offloaded 9% stake (₹160–168 crore) in

via a block deal today 📉📈 🔍 Market Moves: Early slump: Shares dropped to ₹230–231 as the deal surfaced. Impressive rebound: Buyers stepped in fast—stock rallied ~10–15%, hitting ~₹271–282 intraday. High volume: Roughly 6.8 lakh shares traded on the BSE & ~69.8 lakh on NSE—huge liquidity spotlight! 🤔 What It Signals: Strategic exit by investor: Net1 is cashing out from their 2016 investment with virtual card tech. Strong support levels: Despite the news, the stock found buyers and surged back—showing investor confidence. Longer-term outlook: Keep a sharp eye on profitability—they’re growing, but still reporting losses.