Profitable growth will be crucial for Mobikwik stock to keep ticking
- Posted on January 14, 2025
- By Business News Today
- 2 Views
Profitable growth will be crucial for Mobikwik stock to keep ticking
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.