One MobiKwik Systems shares surge 12% following ADIA stake sale

Shares of One MobiKwik Systems surged as much as 12% to an intraday high of Rs 266.55 on Tuesday, following the exit of Abu Dhabi Investment Authority (ADIA) from the fintech firm. However, by 11:20 am, the rally eased, with the stock trading 8.5% higher at Rs 258.

On Monday, ADIA sold its entire 2.10% stake in One MobiKwik Systems, offloading approximately 16.44 lakh equity shares worth Rs 39.21 crore in an open market transaction. The shares were sold at an average price of Rs 238.45 apiece, according to bulk deal data available on the NSE.

Meanwhile, BofA Securities Europe SA and SI Investments Broking Pvt Ltd acquired a combined total of 9 lakh shares, representing a 1.15% stake in the company. The shares were purchased in the price range of Rs 243.61 to Rs 248.42, with the combined deal valued at Rs 22.12 crore.

Financial Performance Update

Last month, One MobiKwik Systems reported a consolidated loss of Rs 41.9 crore for the June quarter, widening significantly from a loss of Rs 6.6 crore in the same quarter last year. Its revenue from operations declined 20.7% year-on-year to Rs 271.3 crore in Q1 FY26, down from Rs 342.2 crore in Q1 FY25.

Price and Technical Overview

The stock is currently trading well below its 52-week high of Rs 698.30 and a 52-week low of Rs 219.20, reflecting significant price volatility over the past year. It is trading with a market capitalization of approximately Rs 2,008 crore

The 14-day Relative Strength Index (RSI) for One MobiKwik Systems stands at 52.5, indicating a neutral momentum. Generally, an RSI below 30 signals that a stock is oversold and may be due for a rebound, while an RSI above 70 suggests it is overbought and could face selling pressure.

On the moving averages front, One MobiKwik Systems is showing a largely bullish trend. The stock is currently trading above six out of seven Simple Moving Averages (SMAs). Except for the 150-day SMA, the share price remains above all other key SMAs ranging from the short-term 5-day to the medium-term 100-day averages, indicating strong support and upward momentum across multiple timeframes.