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MobiKwik shares jump 12.57%, market cap hits $494m
MobiKwik’s shares rose by 12.57% during trading on December 23, reaching an intraday high of 549.80 rupees (US$6.60) before closing at 529.95 rupees (US$6.36), an increase of 8.5%.
Approximately 28.55 million shares exchanged hands that day, raising the company’s market capitalization to 4,116.99 crore rupees (US$494.04 million).
In its financial report, MobiKwik recorded a net loss of 6.6 crore rupees (US$792,000) for Q1 FY25.
The operating revenue for this quarter was 342.2 crore rupees (US$410,640).
Recent MobiKwik developments
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18-Dec-2024 🚀 MobiKwik rises 82% in market debut
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06-Dec-2024 📉 MobiKwik cuts over 70% valuation after reduced IPO target
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05-Jan-2024 📈 MobiKwik to raise $84.2m in India IPO
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29-Nov-2023 📈 MobiKwik teams up with DAM, SBI for potential $84m IPO
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22-Mar-2021 💳 Sources: MobiKwik targets up to $250m in IPO on Indian exchange
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