Groww share price: With IPO investors already earning a roughly 94% return on their investment, if Groww's stock continues to rise, it may soon become a multibagger stock. Last Wednesday, Groww shares ended their listing day trading with gains of around 31% over the IPO price.
Groww share price: The parent company of the stock broking platform Groww, Billionbrains Garage Ventures, is now experiencing a bullish upsurge that shows no signs of abating. Groww's stock increased by 11% today to ₹193.91, continuing its upward trend for the fifth consecutive day since it was listed on the bourses last week.With IPO investors already earning a roughly 94% return on their investment, Groww's stock might soon become a multibagger if its gains continue. Last Wednesday, Groww shares ended their listing day trading with gains of around 31% over the IPO price.
Groww's milestone in m-cap
Groww's market capitalization surpassed ₹1 lakh crore during Monday's session on November 17, with a 20% increase. Groww is now one of just about 100 firms, out of almost 5,000 listed on Dalal Street, to reach this milestone.
Groww's milestone in m-cap
Groww's market capitalization surpassed ₹1 lakh crore during Monday's session on November 17, with a 20% increase. Groww is now one of just about 100 firms, out of almost 5,000 listed on Dalal Street, to reach this milestone.
The market capitalization of eight stock broking companies, including Angel One, Nuvama Wealth, JM Financial, Choice International, IIFL Capital, 5Paisa, Anand Rathi, and DAM Capital, has been surpassed by Groww.
Its CEO, Lalit Keshre, became a new billionaire as a result of the surge, with his holdings surpassing $1 billion.
Is the Groww rally sustainable?
Analysts currently think that Groww's surge may be outpacing fundamentals, though.
Compared to well-known players like Motilal Oswal and Angel One, the majority of which trade at far lower multiples, its implied P/E multiple at IPO was projected to be between 33 and 37 times.
Its CEO, Lalit Keshre, became a new billionaire as a result of the surge, with his holdings surpassing $1 billion.
Is the Groww rally sustainable?
Analysts currently think that Groww's surge may be outpacing fundamentals, though.
Compared to well-known players like Motilal Oswal and Angel One, the majority of which trade at far lower multiples, its implied P/E multiple at IPO was projected to be between 33 and 37 times.
According to Nitin Jain, Senior Research Analyst at Bonanza, Groww is currently trading at a PE of 61x, which is significantly lower than that of its peers Motilal Oswal (29x), Angel One (33x), Nuvama Wealth (26x), and IIFL Wealth.
"Groww has undoubtedly outperformed the majority of listed capital market participants in terms of valuation, primarily due to the prospect of future product expansion and digital scale. Growth-oriented investors may still be able to justify the premium if long-term expectations are fulfilled, but value-oriented investors may need to exercise caution given the current levels," he continued.
"Groww has undoubtedly outperformed the majority of listed capital market participants in terms of valuation, primarily due to the prospect of future product expansion and digital scale. Growth-oriented investors may still be able to justify the premium if long-term expectations are fulfilled, but value-oriented investors may need to exercise caution given the current levels," he continued.
According to Yash Chauhan, Research Analyst at INVAsset PMS, Groww's breakthrough listing demonstrates a significant belief in India's retail investing surge. He continued, "The company is moving from pure broking to wealth, commodities, and margin-trading services. It currently commands about 26% of active NSE clients."
Nevertheless, a lot of future development is already included into present valuations, and the company needs to deliver on scale and diversity. Groww is still an attractive structural bet for long-term investors, but newcomers must consider whether execution, rather than just emotion, will provide more upside, according to Chauhan.
Nevertheless, a lot of future development is already included into present valuations, and the company needs to deliver on scale and diversity. Groww is still an attractive structural bet for long-term investors, but newcomers must consider whether execution, rather than just emotion, will provide more upside, according to Chauhan.
Later this week, on Friday, November 21, Groww will release its second-quarter earnings, which may provide some insight into the fundamentals of the brokerage.
With more than 12.6 million active clients and a market share of more than 26% as of June 2025, Groww, which was founded in 2016, has become the biggest stockbroker in India.
With more than 12.6 million active clients and a market share of more than 26% as of June 2025, Groww, which was founded in 2016, has become the biggest stockbroker in India.
0 Comments