INSUBCONTINENT EXCLUSIVE:
Shares of One MobiKwik Systems, the parent company of digital payments platform MobiKwik, have staged an 11% rebound over the past week,
offering a brief respite after a punishing 61% slide from their peak
But as the stock hovers near Rs 273, analysts and technical signals suggest its short-term rebound may soon run into stiff resistance, and
the real test lies just ahead, at Rs 300.Analysts say the near-term momentum appears constructive but caution that key resistance levels
thrice over the past four months
said.While the stock is currently trading above five of its six key simple moving averages, from 5-day to 50-day, it remains below the
The MACD stands at -1.4 and the Relative Strength Index (RSI) is at 59.7, just shy of the 60 mark often used to confirm momentum
In Q4 FY25, MobiKwik reported a net loss of Rs 56.03 crore, widening sharply from Rs 67 lakh a year ago
Revenue rose just 2.6% year-on-year to Rs 278 crore, despite a 2.3x jump in payments GMV to Rs 3.31 lakh crore
EBITDA loss for the quarter stood at Rs 45.8 crore.For FY25, total income rose 34% year-on-year to Rs 119.2 crore, driven by a 142% increase
However, contribution margins remained low at 30% due to the revenue mix being heavily tilted toward payments
Revenue from financial product distribution declined amid sector-wide lending headwinds.Jain said that while the company trades at 3.3x
resistance level.Sudeep Shah of SBI Securities pointed out that this zone has repeatedly capped past rallies and coincides with the 100-day
exponential moving average
flat(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of The Economic Times)
