Mobikwik Jumps as ADIA Exits Stake

Shares of

Mobikwik surged 12% to Rs 266 on September 2(at the time of posting) after Abu Dhabi Investment Authority sold its entire 2.1% stake via block deals worth Rs 39.2 crore. Despite Q1 FY26 loss of Rs 41.9 crore and revenue decline, the company expects EBITDA breakeven by H2 FY26. Mobikwik shares have risen 12% in a month.