One MobiKwik Systems Ltd (MOBIKWIK) saw significant market movement following the formal activation of its stockbroking subsidiary on the Bombay Stock Exchange. The company’s wholly-owned unit, MobiKwik Securities Broking Private Limited, officially commenced operations on **February 24, 2026**. This milestone allows the firm to offer full-scale equity trading, clearing, and settlement services to its base of over **186 million registered users**. Market Response and Stock Action Investor reaction was immediate but volatile. On the day of the announcement, the stock surged as much as **12.6%** to hit an intraday high of **227.37** on the NSE. However, the gains were partially pared back. As of **February 25, 2026**, the share price is trading near **199.45**. Despite the recent momentum, the stock remains approximately **28%** below its IPO issue price of **279**. Market analysts identify a crucial support zone between **190 and 195**, noting that consistent execution in the crowded broking sector is now essential for a long-term trend reversal. Financial Turnaround The regulatory breakthrough coincides with a return to profitability. For the third quarter of FY26, MobiKwik reported a consolidated net profit of **40 million** (4 crore), a sharp recovery from the **552 million** loss recorded in the same period last year. Total income for the quarter reached **2,972 million**, marking an **8%** year-on-year growth. This turnaround was driven by a reduction in payment processing costs and improved margins in the digital credit segment. Operational Highlights The company is seeing record-level engagement across its core platforms. * **Payments GMV:** Reached an all-time high of **481 billion**, up **63%** year-on-year. * **UPI Transactions:** Surged **3.2 times** compared to the previous year. * **Digital Credit:** The ZIP EMI product saw GMV grow by **126%**, hitting **9,000 million**. Strategic Outlook The activation of the broking license transforms MobiKwik from a digital wallet into a diversified financial services hub. By integrating stockbroking, the firm aims to capture the rising wave of retail investor participation in India, particularly in Tier-3 and Tier-4 cities. While the new vertical opens a fresh revenue stream, the company faces stiff competition from established discount brokers. Future performance will depend on the platform's ability to convert its high-frequency payment users into active investors while maintaining the cost discipline that led to its recent quarterly profit.