Groww share price extended its decline for the second straight session on Thursday, slipping up to 9 percent amid profit booking.
The stock dropped to an intraday low of Rs 154.10 on the National Stock Exchange (NSE), down 9.29 percent from its previous close.
At 2 pm on Thursday, the market capitalisation of Billionbrains Garage Ventures, the parent company of stock broking firm Groww stood at Rs 95,505.54 crore, slipping below the Rs 1.19 lakh crore mark which it hit on November 18, a decline of over Rs 23,000 crore.
On Wednesday, the counter had fallen 10 percent and hit the lower circuit, snapping a five-day rally. It settled at Rs 169.94 on the BSE, its lower circuit limit for the day.
On the NSE, it ended 10 percent down at Rs 169.89.
Sunny Agrawal, Head of Fundamental Research at SBI Securities, said "Today’s correction seems to be profit taking after the exponential rise post listing. Risk-reward is still not favourable, and investors should wait for further dips and track upcoming quarterly results before adding the stock."
Shares of Billionbrains Garage Ventures, the parent entity, listed on November 12. The stock had gained 44.20 percent until Tuesday (November 18).
The company’s initial public offering was subscribed 17.60 times earlier this month.
Founded in 2016, Groww is India’s largest stockbroker with over 12.6 million active clients and a market share of more than 26 per cent as of June 2025.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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