Shares of Groww-parent company Billionbrains Garage Ventures Ltd extended losses on Thursday, sliding around 9% to ₹153 on the BSE amid heavy profit-booking.
Rally Meets Reality
The sharp correction follows a dizzying rise: five days after its listing on 12 November at ₹114, Groww’s stock had rallied to nearly ₹194 — a gain of approximately 70% on listing day and about 94% above issue price in less than a week. By comparison, the slide to ₹153 reflects a recalibration of investor sentiment, with some opting to lock in early gains.
Adding to the pressure, the stock hit the 10% lower circuit in intraday trading earlier this week. Market watchers point to an elevated valuation—Groww’s implie
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