MobiKwik Market Brief: February 24, 2026 **MobiKwik** shares experienced a significant surge today, climbing as much as **12.6%** to reach an intraday high of **227.37** on the NSE. This rally follows a pivotal regulatory milestone for the fintech firm’s expansion into broader financial services. Strategic Expansion into Stockbroking The primary catalyst for today's price action is the formal approval from the **Bombay Stock Exchange (BSE)** for MobiKwik's wholly-owned subsidiary, **MobiKwik Securities Broking Private Limited**, to commence stockbroking operations. Effective today, **February 24, 2026**, the subsidiary is authorized to facilitate the buying, selling, and settlement of equity trades. This move follows the initial registration granted by **SEBI** in July 2025 and positions MobiKwik to compete directly with established wealth-tech platforms. Financial Turnaround and Valuation The company recently reported a move toward profitability, a key shift for its long-term market sentiment. For the quarter ending December 31, 2025 (**Q3 FY26**), MobiKwik recorded: * **Net Profit (PAT):** 40.48 million, reversing a major loss from the previous year. * **Total Income:** 2,972.20 million, marking an **8%** year-on-year increase. * **Payments GMV:** Hit an all-time high of **481 billion**. * **UPI Transactions:** Grew **3.2x** year-on-year. Despite the recent **13%** surge, the stock continues to trade significantly below its historical levels. The current price near **217** remains well under the initial IPO price band of **265 – 279** and the 2024 listing debut price of approximately **442**. Market Context and Outlook The broader fintech sector in early 2026 is shifting focus from pure user acquisition to high-margin financial services. MobiKwik's entry into stockbroking aligns with this industry-wide trend toward **WealthTech** and credit distribution. While the stock has declined roughly **35%** over the past year, today's volume spike—with over **10 million** shares traded on the NSE alone—indicates renewed investor interest following the completion of these regulatory steps. The company currently maintains a market capitalization of approximately **1,650 crore**, with management focusing on a "risk-first" approach to digital lending and sustainable margin expansion in its new broking vertical.