MobiKwik shares surge on stock broking approval. The fintech company's shares rallied 12.3% after receiving BSE approval for its subsidiary Mobikwik Securities Broking Private Limited to commence stock broking operations. The stock later moderated to trade 4% higher at ₹209.85, valuing the company at ₹1,650 crore. The BSE nod, effective February 24, 2026, follows SEBI's stock broking registration granted in July 2025. This expansion allows MSBPL to handle equity trading activities including buying, selling, clearing and settlement. The approval marks a pivotal step in MobiKwik's evolution into a full-stack fintech platform spanning payments, lending and wealthtech services. The company's profitability in Q3 FY26, posting ₹4 crore consolidated net profit against ₹55.
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