One MobiKwik’s stock dropped by nearly 13% after reporting increased customer acquisition costs, fixed costs, and user incentives, resulting in net losses for the second straight quarter. The company saw growth in GMV and users but faces challenges in maintaining profitability, alongside an inflated stock price since its listing.
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.
July 29, 2025