One MobiKwik Systems shares jumped nearly 10% on Wednesday, October 7, extending their winning streak to three consecutive sessions. The stock surged 10% to ₹265.90 on the BSE after rallying 20% in the previous session. Overall, the stock has gained 35.5% in the last three sessions.
The sharp rally has added to MobiKwik’s recent gains, with the stock rising 29% over the past week, 31% in one month, 27% in three months and 51% in six months. However, the stock remains down 10% over the past year.
Despite the recent surge, MobiKwik shares are still more than 10% below their 52-week high of ₹296.75, recorded in October last year. The stock had touched a 52-week low of ₹151.95 in March 2026.
MobiKwik shares have attracted fresh buying interest after a sharp technical breakout, with the stock moving above key resistance and major moving averages. Analysts said the setup remains positive, but investors should track important support and resistance levels before taking fresh positions.
Jigar S Patel, Senior Manager - Technical Research at Anand Rathi Share and Stock Brokers Limited, said MobiKwik had decisively broken above its key resistance near ₹240 and was trading around ₹254. He noted that daily and weekly Relative Strength Index (RSI) levels above 60 indicated positive momentum. Patel said the breakout could remain constructive as long as ₹240 held on a sustained basis.