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.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persistent FII outflows. Despite intraday recovery, sentiment remains weak amid