Mobikwik Share Price Jumps 14% After ADIA Sells Entire Stake via Block Deal; Retail Sentiment Turns Bullish

Shares of One Mobikwik Systems Ltd surged as much as 14% on Tuesday, following the exit of the Abu Dhabi Investment Authority (ADIA) from the digital payments company. The rally comes after ADIA offloaded its entire 2.1% stake through block deals on the National Stock Exchange (NSE).

MobiKwik Share Price Today

Shares of One MobiKwik Systems Ltd (NSE: MOBIKWIK) rallied 13.76% at 12.43 pm on Tuesday to close at Rs 270.07, marking a sharp gain of Rs 32.66 for the day. The stock opened at Rs 240.00, hit an intraday high of Rs 273.60, and touched a low of Rs 239.86 during the session.

Currently, MobiKwik does not have a listed price-to-earnings (P/E) ratio or dividend yield, indicating its status as a growth-focused company. Over the last 52 weeks, the stock has traded between a high of Rs 698.30 and a low of Rs 219.20.

What's Behind The Rally in MobiKwik Share?

According to block deal data available on the National Stock Exchange (NSE), ADIA sold approximately 16.44 lakh equity shares of Mobikwik at an average price of Rs 238.45 per share on Monday. The total transaction value stood at Rs 39 crore. Following the news, Mobikwik's stock rose sharply, touching a high of Rs 262 during the session.

The share sale by ADIA marks a complete exit from its holdings in Mobikwik, a move that investors interpreted as an opportunity for fresh entry, driving volumes and interest in the counter.

Key Stakeholders of MobiKwik

Mobikwik continues to enjoy a diverse base of institutional investors. As per the latest shareholding data, the key stakeholders include:

• Peak XV Partners: 9.92%
• Government Pension Fund Global: 3.01%
• Cisco Systems: 1.54%
• American Express Travel Related Services: 1.34%
• Societe Generale: 1.2%
• Citigroup Global Markets: 1.12%

Despite ADIA's exit, the presence of such global institutions underscores long-term confidence in the company's growth potential.

Should You Buy MobiKwik Share? Check Retail Investor Sentiment

Retail investor sentiment has also turned sharply positive. Data from Stocktwits, a popular social investing platform, indicated that sentiment shifted from 'neutral' to 'extremely bullish' just a day ago. The platform also recorded 'extremely high' message volumes, suggesting heightened retail interest and engagement around Mobikwik stock.

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