MobiKwik stock drops 56% from peak following Q3 losses
MobiKwik’s stock has dropped nearly 56% from its peak of 698.30 rupees (US$8.15) on Dec. 26, 2024, closing at 309.55 rupees (US$3.61) on the BSE yesterday.
The decline follows a Q3 FY25 loss of 55.28 crore rupees (US$6.5 million), despite an 18% YoY revenue increase to 269.47 crore rupees (US$31.5 million).
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