India, May 26 -- This Small-Cap Stock, engaged in providing digital payment solutions, mobile wallets, merchant services, lending, and financial technology services across India, jumped 7.50 percent after receiving RBI approval for a PA-P license, targeting 10x merchant business growth by FY28.

With a market capitalization of Rs. 1,590.74 crores, the share of One Mobikwik Systems Limited has reached an intraday high of Rs. 205.60 per equity share, rising nearly 7.50 percent from its previous day's close price of Rs. 191.25. Since then, the stock has retreated and is currently trading at Rs. 202.05 per equity share.

Reason Behind the Surge: One MobiKwik Systems Limited has received in-principle approval from the Reserve Bank of India fo...