Shares of One MobiKwik Systems Ltd., the parent company of payment solutions provider MobiKwik, surged 5% from the day's low to reach an intraday high of ₹460.25 on Wednesday, January 22. However, the stock erased all of the day's gains and was trading more than 3% lower at ₹446.50. The stock has corrected nearly 40% from its peak of ₹698.30, which it reached on December 26 last year.