One Mobikwik Systems , a leading fintech company, has seen its shares rally impressively over the past three trading sessions. The stock gained 6% on Wednesday, continuing its upward momentum and bringing the total gains to 36% over the three-day period.

Stock Performance

The recent surge has pushed One Mobikwik's stock price to a level 8% above its initial public offering (IPO) price of ₹278.00 per share. This marks a significant recovery for the company's shares, which had previously experienced a downturn.

Trading Volume Spike

Wednesday's trading session witnessed a substantial increase in trading volume for One Mobikwik shares. The number of shares traded reached 3.60 crore, significantly higher than the 20-day average of 25.00 lakh shares. This surge in volume indicates heightened investor interest in the stock.

Ownership Changes

A notable development in the company's ownership structure occurred on Monday when Abu Dhabi Investment Authority (ADIA) exited its position in One Mobikwik. ADIA sold its entire 2.1% stake through block deals, offloading 16.44 lakh shares at ₹238.45 per share. The total value of this transaction amounted to ₹39.21 crore.

Major Shareholders

Following the recent changes, the major shareholders of One Mobikwik Systems include:

It's worth noting that small retail shareholders collectively hold a significant 28.1% stake in the company.

Stock Price Context

Despite the recent gains, One Mobikwik's stock price remains 57% below its post-listing high of ₹698.00. This indicates that while the stock has shown strong performance in recent days, it still has some ground to cover to reach its previous peak.

New Business Initiative

In a significant business development, One Mobikwik Systems has partnered with Zaapay, Crut, and ONDC to launch a chat-based bus ticketing service in Odisha. This new service is targeting 24 million commuters and aims to process 36 million rides annually. The platform is currently operational in nine cities, including Bhubaneswar and Cuttack, marking an important expansion of One Mobikwik's service offerings in the transportation sector.

The recent rally in One Mobikwik shares demonstrates renewed investor confidence in the company, possibly bolstered by its new business initiatives. However, as with all investments, it's important for investors to conduct thorough research and consider their risk tolerance before making investment decisions.

Abu Dhabi Investment Authority (ADIA) has completely divested its stake in One MobiKwik Systems , a Gurugram-based fintech company, in a significant market move. The sovereign wealth fund sold its entire 2.10% stake for approximately Rs 39.00 crore through an open market transaction.

Transaction Details

ADIA offloaded over 16.44 lakh equity shares of One MobiKwik Systems at an average price of Rs 238.45 per share. This exit by a major investor has attracted attention in the financial markets, with other institutional investors stepping in to acquire portions of the sold stake.

New Investors

Two notable buyers emerged from this transaction:

1. BofA Securities Europe SA
2. SI Investments Broking Pvt Ltd

These entities collectively purchased 9.00 lakh shares, representing a 1.15% stake in One MobiKwik Systems. The acquisition was made for Rs 22.12 crore, with share prices ranging from Rs 243.61 to Rs 248.42.

Market Response

The market responded positively to this development, with One MobiKwik Systems' shares closing 8.12% higher at Rs 237.74 on the day of the transaction.

Recent Financial Performance

One MobiKwik Systems recently reported its financial results:

The company's financial performance shows mixed results:

• The consolidated loss for Q1 FY26 widened to Rs 41.90 crore, compared to Rs 6.60 crore in the same period last year.
• Revenue from operations declined by 20.7% year-over-year to Rs 271.30 crore from Rs 342.20 crore in Q1 FY25.
• On a sequential basis, the company managed to narrow its losses from Rs 56.00 crore in Q4 FY25 to Rs 41.90 crore in Q1 FY26.

This transaction and the company's recent financial performance highlight the dynamic nature of the fintech sector and the ongoing challenges faced by players in this space. As One MobiKwik Systems navigates these changes, investors and industry observers will be keenly watching its future strategies and financial outcomes.