Stocks to watch today: Power Grid, Sterlite Technologies, ZEN Technologies, TVS Motor Company, Varun Beverages, Torrent Pharma, Cochin Shipyard, Titan, Trent, among others, will be in focus today
Fintech firm MobiKwik on Monday said it has received shareholders' approval to transfer its lending services business to another wholly owned subsidiary. The shareholders have also approved changes in the objects and terms of utilisation of the IPO proceeds, including an extension to the time limit for their use. " MobiKwik received shareholder approval to transfer its Lending Services Provider business to a wholly owned subsidiary and to amend its IPO objects. These key resolutions were passed through a remote e-voting postal ballot, which concluded on July 2, 2026. This approval now enables us to transfer the business on a slump sale basis to MobiKwik Distribution Services Private Limited," MobiKwik, Co-founder, CFO and ED, Upasana Taku said in the letter. The company has already received NBFC license approval from the RBI.
Larger platforms like PB Fintech and One97 Communications (Paytm) have closely tracked or slightly underperformed the Nifty 50, displaying far better resilience than sub-scale players
MobiKwik returned to profitability in the fourth quarter of FY26 as lower expenses and reduced payment processing costs supported margins amid stable revenue growth
Stocks to Watch today, April 29, 2026: Eternal, Ceat, Bandhan Bank, BHEL, Mobikwik, and Canara HSBC Life Insurance are some of the key stocks to watch today
The NBFC's operations, however, will commence upon receipt of the Certificate of Registration (CoR) from the RBI, subject to the fulfilment of certain conditions
MobiKwik plans to scale soundbox and EDC deployment, targeting 10% revenue contribution as it expands offline merchant acquiring beyond Tier I cities
MobiKwik appoints Anis Pathan as chief risk officer to strengthen enterprise risk management, fraud prevention and compliance across payments, lending and broking businesses
One Mobikwik Systems jumped 12.7 per cent to ₹227.4 on the National Stock Exchange (NSE) in Tuesday's trading session.
Fintech firm MobiKwik reported a consolidated net profit of ₹4.04 crore in Q3FY26, aided by revenue growth and a sharp decline in expenses, after posting losses in earlier quarters