Groww share price jumps another 11% as rally extends to the 4th day, m-cap tops ₹1 lakh crore
Shares of Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, extended their massive surge for the fourth straight day since listing, rising another 11% to ₹165.40 apiece in Monday’s trade, November 17, emerging as country’s most valued listed broking firm.
Ove the last three trading sessions (including today), the shares have delivered a phenomenal return of 48%, pushing the company’s market capitalisation past ₹1 lakh crore in a remarkably short period.
The sustained rally suggests that the Street remains optimistic about the company’s growth prospects in India’s expanding retail investing landscape, even though its valuations appear stretched compared to peers.
Taking today’s record high…
