MobiKwik Shares Slide 5.1% Intraday

Shares of fintech major MobiKwik slumped 5.1% to INR 398 intraday on the BSE today (February 3).

The stock shed some loss afterwards to trade 3.96% lower at INR 402.80 at 12:15 PM.

At the above-mentioned time, the company’s market capitalisation stood at INR 3,127.26 Cr while 2.4 Lakh shares were traded by then. 

This comes days after MobiKwik launched a full-scale Central Bank Digital Currency (CBDC) wallet and e-rupee (e₹), in collaboration with the Reserve Bank of India (RBI) and Yes Bank.

MobikWik’s fintech counterparts like Paytm…