Groww shares surge 50% over IPO price: Should investors still chase the stock amid massive run-up this week?
Groww share price: In just three days of listing, Billionbrains Garage Ventures— parent company of discount broking platform Groww — has offered stellar returns for its initial public offering (IPO) investors, creating a sense of loss among those who missed out on the allotment.
Groww IPO shares listed at a 14% premium on the bourses on Wednesday, November 13. Later, it jumped 30.94% to close at ₹130.94 apiece against its IPO price of ₹100. Since then, the stock has risen to a high of ₹153.50, offering over 50% gains. On Friday, Groww’s share price settled at ₹148.41, a premium of 48%.
Is Groww a good buy after recent rally?
While Groww’s business fundamentals remain strong, analysts believe the sharp rise has made…
