MobiKwik Systems Stock Hits Upper Circuit Amid Block Deals

Shares of Mobikwik Systems, a digital payments and financial services provider, were locked in the 20 per cent upper price band on both the NSE and BSE on October 6, 2026. The stock was trading at ₹242.10 at the time of the report. This movement occurred amid multiple block deals, through which $14.46 million worth of shares had changed hands. As of 2.27 PM, a combined 60 million shares of the company had traded, with only buy orders visible on both exchanges.

The surge was noted against a backdrop of strong buying sentiment, with the BSE Sensex trading up 0.70 per cent at 72,878 at the same time. The company has rallied 5 per cent year-to-date and 41 per cent in the preceding six months. One analyst stated that Mobikwik has the scope to exceed its 52-week high and rise to ₹300.