Multibagger Stock Alert: Mobikwik shares have been on a remarkable rally since listing, providing incredible gains to IPO investors. Here’s a detailed look at the performance of this new market entrant.
Table Of Content
- Introduction
- Mobikwik Stock Performance: A Two-Day Marvel
- Key Highlights of Mobikwik’s IPO Journey
- What’s Driving Mobikwik’s Stock Price Surge?
- FAQs on Mobikwik Stock Performance
Introduction
Mobikwik, a leading fintech company, has made waves in the stock market, delivering multibagger returns to IPO allottees within just two days of listing. The stock, which debuted at ₹279, has seen an astronomical rise, bucking the overall market trend.
Mobikwik Stock Performance: A Two-day Marvel
Day 1: On its listing day, Mobikwik shares skyrocketed by 90%, setting the stage for a stellar market debut.
Day 2: The momentum continued as the stock surged an additional 14%, reaching a new high of ₹605.
In just 48 hours, Mobikwik’s share price has soared by 116.8%, making it a top choice for investors seeking rapid returns.
Watch this Video for More Details
Key Highlights of Mobikwik’s IPO Journey
Issue Price: ₹279 per share
Current Price: ₹605 per share
Total Gain: 116.8% in just two days
Market Sentiment: Positive despite broader market sluggishness
What’s Driving Mobikwik’s Stock Price Surge?
Several factors have contributed to Mobikwik’s exceptional performance:
1. Strong Growth Potential: As a fintech leader, Mobikwik has demonstrated robust revenue growth and market expansion.
2. Investor Confidence: High demand during the IPO phase reflected strong faith in the company’s fundamentals.
3. Bullish Sentiment: Despite a weak market environment, Mobikwik’s sectoral relevance has drawn significant investor interest.
FAQs on Mobikwik Stock Performance
A: As of December 19, Mobikwik shares are trading at ₹605.
A: Mobikwik has provided a 116.8% return from its issue price of ₹279.
A: Strong fundamentals, growth potential, and investor optimism have driven its exceptional performance.
A: While the stock has delivered impressive gains, potential investors should evaluate its fundamentals and market trends before making a decision.
