Shares of MobiKwik surged nearly 12% in intraday trade after the company announced that its wholly owned subsidiary has received regulatory approval to operate as a stock broker. The development marks a strategic milestone for the Gurugram-based fintech firm as it sharpens its focus on broadening its financial services portfolio beyond digital payments and lending.
The rally reflects investor optimism around the company’s entry into the capital markets ecosystem — a segment that has witnessed explosive retail participation in recent years. Market participants believe the approval could unlock new revenue streams while strengthening MobiKwik’s positioning as a full-stack fintech platform.
