Mobikwik Share Price Soars 20% After Hitting 52-Week Low on IPO Lock-In Expiry

. This sharp recovery has brought the stock back above its IPO price of ₹279, closing at ₹298 on the BSE

Stock Recovers After Hitting 52-Week Low

. This follows a sharp 15% decline on March 17, when the stock slumped to a 52-week low of ₹231 amid heavy selling pressure after the 3-month IPO lock-in period ended. With this rally, the stock has snapped a 5-day losing streak, recovering all losses from the previous session

Impact of IPO Lock-In Expiry

. This led to a sharp sell-off as early investors and pre-IPO shareholders exited their holdings. Despite the recent gains, Mobikwik’s stock remains 32% below its listing price of ₹440, which it had hit in December 2023. However, it is now 7% higher than its issue price of ₹279

Stock Performance Since Listing

. However, the stock has struggled to maintain momentum and is currently trading more than 50% below its all-time high of ₹698, recorded in December last year

Conclusion

. While the surge has helped erase recent losses, its performance post-listing highlights continued volatility in investor sentiment. The coming sessions will determine whether the recovery sustains or selling pressure returns.