Mobikwik shares jump – Mobikwik shares rallied 43% in just 2 days; here’s what analysts say
Shares of One Mobikwik Systems (Mobikwik’s parent) continued to surge for the second consecutive session in Wednesday’s trade. The stock soared 19.12 per cent to hit a day high of Rs 355. At this price, it has ascended by 42.94 per cent in just a couple of trading days. The sharp two-day spike came after its anchor lock-in expiry on Monday (March 17).
Anchor investors face a 30-day lock-in period for 50 per cent of their allotted shares before the initial public offering (IPO). The remaining 50 per cent is locked in for 90 days. This restriction aims to stabilise the stock price and promote long-term confidence in the market. Mobikwik got listed at bourses on December 18 last year.
Bourses BSE and NSE have put the securities of…
