India, Sept. 2 -- Continuing its rally for the second straight day, shares of MobiKwik surged 12.4% to INR 266.85 during the intraday trading on the BSE today.

Later, the stock gave up some of the gains and was trading 10.6% higher at INR 262.40 at 10:20 AM. MobiKwik's market capitalisation stood at INR 2,050.71 Cr (about $232 Mn), with 1.9 Cr shares changing hands.

Today's rally came a day after Abu Dhabi Investment Authority (ADIA) exited the company by selling 16.44 Lakh equity shares at INR 238.45 per share in a bulk deal worth INR 39.21 Cr.

As per NSE data, BOFA Securities Europe SA bought 5 Lakh shares of MobiKwik for INR 243.61 apiece.

Notably, shares of MobiKwik jumped over 15% yesterday to snap a six session losing streak.

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