Mumbai, June 16, 2026, 03:38 IST
- Billionbrains Garage Ventures, parent to Groww and trading as GROWW on the NSE and 544603 on the BSE, finished at ₹207.34 on June 15, rising 4.21%. Total volume across both exchanges came in at 84.9 million shares. Trendlyne
- Indian shares had a strong session. The Nifty 50 rose 0.98% and the Sensex gained 0.97% as oil prices dropped and global risk appetite picked up. Reuters
- Groww is set to join the FTSE Global Equity Index Series on June 22, one of the Indian names added in the latest round of FTSE global index changes.
Billionbrains Garage Ventures shares jumped Monday, finishing the session at ₹207.34, up ₹8.37. The stock traded close to the top of the day’s ₹198.81–₹208.00 range. It’s now near its 52-week high of ₹227.20. Market cap at the close was about ₹1.30 lakh crore. Turnover was high, so the price move came with strong volume instead of light trading. Groww
The stock got a boost from the broad market rally. Reuters said Indian shares climbed as the U.S. and Iran reached a preliminary deal to stop the war and allow ships through the Strait of Hormuz, which brought Brent crude down. Cheaper oil is usually good for India since it buys most of its crude, taking some strain off inflation, the rupee, and the trade gap. “Now that the Iran war appears to be nearing an end, investors have a significant source of comfort,” Monarch Networth Capital CEO Gaurav Bhandari told Reuters. Reuters
NDTV Profit pointed to a technical call from Deven Mehata, Manager – Technical & Derivatives Analyst at IDBI Capital Market and Securities, who told investors to buy Groww at ₹198.97 with a ₹210 target and a ₹193 stop loss. A stop loss is meant to cap losses for traders. With Groww ending at ₹207.34, shares are now near that target, so further upside could need more buying and not just the move seen on Monday. NDTV Profit
Groww bulls point to scale and numbers from the latest quarter. The company posted a consolidated net profit of ₹686 crore for the March quarter, which is up 122% year-on-year. Revenue from operations climbed 87% to ₹1,505 crore. According to The Economic Times, growth got a lift from user activity, more derivatives trading, higher SIP flows and expansion into new lines like margin trading facility, or MTF, where clients use securities as collateral for bigger bets. The Economic Times
Valuation and cyclicality weigh on the bear case here. ICICI Direct shows the stock trading at a trailing price-to-earnings ratio of 62.47 and a price-to-book ratio of 13.47. P/E compares the stock price with earnings per share, and P/B looks at market price versus book value. Those are high for a company exposed to trading cycles and shifting market sentiment. Economic Times flagged the risk from a weaker market, which could slow user growth and inflows. Based on these numbers, the stock looks fairly valued to risky—not outright cheap—unless earnings or market-share growth jumps again. ICICI Direct
Index changes are in focus next. FTSE Russell said its June quarterly review goes live Monday, June 22, after markets close on Friday, June 19. According to Upstox, Billionbrains Garage Ventures, known as Groww, is set to be added to FTSE global indices. Passive funds tracking the indices often adjust their holdings around these changes. That can push up demand ahead of the effective date, but profit-taking after the event is a risk as traders “sell the news.”
