Why Did Groww Shares Plummet Over 9% and Fall Below Rs 1 Lakh Crore Market Cap?
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Synopsis
In a surprising turn of events, Groww's shares have plummeted by over 9%, resulting in a market cap drop below Rs 1 lakh crore. This decline follows a significant rally, raising concerns among investors. Stay tuned as we analyze the implications of this downturn and what it means for the company's upcoming quarterly results.
Key Takeaways
- Groww’s shares fell by over 9%.
- Market cap dropped below Rs 1 lakh crore.
- Upcoming quarterly results on November 21.
- Price band revised to 10% from 20%.
- Over 12.6 million active clients as of June 2025.
Mumbai, Nov 20 (NationPress) The share price of Groww has experienced a continued decline for the second consecutive day on Thursday as investors decided to take profits following the stock's impressive surge last week.
During early trading, the shares fell by as much as 9%, reaching an intra-day low of Rs 154.10 on the National Stock Exchange (NSE).
This represents a 9.29% decrease from the closing price of the previous day.
As of early trading, the market capitalization of Billionbrains Garage Ventures—Groww's parent company—dropped to Rs 97,431.70 crore, falling below the Rs 1 lakh crore threshold.
This downturn comes on the heels of a dramatic drop on Wednesday, when the stock hit the 10% lower circuit on both BSE and NSE, ending a five-day winning streak.
The stock closed at Rs 169.94 on the BSE and Rs 169.89 on the NSE in the previous trading session.
On Wednesday, the exchanges also adjusted Groww's price band from 20% to 10%, limiting the amount the stock can fluctuate in a single trading session.
Investors are keenly anticipating the next significant event on Friday, November 21, when the company is set to release its quarterly results—marking its first earnings report since going public last week.
In an earlier announcement to the stock exchanges, Groww indicated that its Board of Directors will convene on Friday, November 21, 2025, to review and approve the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025.
Another crucial event is expected on December 10, when the one-month lock-in period for shareholders concludes.
Founded in 2016, Groww has emerged as India’s largest stockbroker, boasting over 12.6 million active clients and a market share exceeding 26% as of June 2025.
Point of View
It's crucial to remain vigilant and informed about the fluctuations in the financial markets. The recent drop in Groww's stock price highlights the volatility that can occur post-IPO. Investors must carefully analyze the forthcoming quarterly results to gauge the company's performance moving forward.
NationPress
20/11/2025
Frequently Asked Questions
What caused Groww's share price to fall?
The decline was primarily due to profit booking by investors after a strong rally the previous week.
What is Groww's current market cap?
Groww's market cap has fallen to Rs 97,431.70 crore, dropping below the Rs 1 lakh crore mark.
When will Groww announce its quarterly results?
Groww is set to announce its quarterly results on November 21, 2025.
What is the significance of the 10% price band?
The 10% price band limits how much the stock can move in a single trading session, which was revised from the previous 20% limit.
How many active clients does Groww have?
As of June 2025, Groww has over 12.6 million active clients.
