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Groww’s share price extended its decline for the second straight session on Thursday, slipping as much as 9% amid sustained profit booking.
Groww Share Price
Groww Share Price: Groww’s share price extended its decline for the second straight session on Thursday, slipping as much as 9 percent amid sustained profit booking.
The stock fell to an intraday low of Rs 154.10 on the NSE, down 9.29 percent from its previous close.
Around 10 am, the market capitalisation of Billionbrains Garage Ventures, the parent company of online brokerage platform Groww, stood at Rs 97,431.70 crore, dropping below the ₹1 lakh crore mark.
On Wednesday, the stock had slumped 10 percent, hitting the lower circuit and ending a five-day winning streak. It closed at Rs 169.94 on the BSE and Rs 169.89 on the NSE, both at their respective lower circuit limits.
Should you buy or sell?
According to Nitin Jain, Senior Research Analyst at Bonanza, Groww’s stock has surged sharply post-listing, pushing its valuation significantly above traditional capital-market peers and raising concerns over valuation comfort.
“Its implied P/E multiple at IPO was estimated at 33–37x, already elevated compared to established players like Motilal Oswal and Angel One. Today, Groww trades at a P/E of 61x, whereas peers such as Motilal Oswal (29x), Angel One (33x), Nuvama Wealth (26x), and IIFL Wealth command far lower multiples. The stock is now valued at over Rs 1 lakh crore, surpassing several older capital-market firms,” Jain noted.
He added that the company’s valuation has run ahead of most listed peers, supported largely by the promise of digital scale and future product expansion.
“For value-oriented investors, caution is warranted at current levels. Growth-focused investors may still justify the premium if long-term projections hold,” he said.
Sunny Agrawal, Head of Fundamental Research at SBI Securities, said the correction appears to be profit-taking after the sharp post-listing rally. “Risk-reward is still not favourable. Investors should wait for deeper dips and monitor upcoming quarterly results before adding exposure,” he advised.
Shares of Billionbrains Garage Ventures listed on November 12, and had gained 44.20 percent until Tuesday (November 18). Its IPO earlier this month was subscribed 17.60 times.
Founded in 2016, Groww is now India’s largest stockbroker, with over 12.6 million active clients and a 26 percent market share as of June 2025.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
November 20, 2025, 11:09 IST
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