The stock touched an intraday low of ₹208.75 after a sustained rally that left it hovering close to its 52-week peak. Positive market sentiment had been reinforced by regulatory changes from SEBI and a 54% jump in quarterly net profit to ₹725 crore, supported by an expanding base of 2.4 crore users. Jefferies maintained a Buy recommendation while trimming its target price to ₹240 to account for regulatory headwinds impacting options trading.
Key points
Jefferies maintained a Buy rating on the stock but trimmed its target price from ₹250 to…: Jefferies maintained a Buy rating on the stock but trimmed its target price from ₹250 to ₹240.
Analysts reduced earnings per share estimates for FY27 through FY29 by 2% to 3% due to re…: Analysts reduced earnings per share estimates for FY27 through FY29 by 2% to 3% due to regulatory pressures on options trading.
Margin trading facilities are projected to generate 14% of total company revenue by FY29…: Margin trading facilities are projected to generate 14% of total company revenue by FY29 as a core growth driver.
Sources checked by our analysis pipeline: 1
Groww share price: Shares of Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, fell nearly 7% on Friday, November 6, as investors booked profits after a nine-session rally. The decline came after the stock had surged more than 23% over the preceding nine trading sessions.
The stock fell as much as 6.6% to an intraday low of ₹208.75 on the BSE. Despite Friday's decline, it remained just 8% below its 52-week high of ₹227, recorded in April 2026. The stock had touched a 52-week low of ₹112.02 in November 2025.
Groww shares had gained 11% over one week, 10% over one month and 12% over three months. Their return over six months stood at around 0.5%, reflecting the volatility in the stock despite its recent rally.
Groww shares had gained momentum following regulatory developments that could ease some of the pressure on the broking industry from changes to derivatives trading.
Last month, the Securities and Exchange Board of India (SEBI) revised the framework for the Closing Auction Session (CAS), addressing concerns around derivatives settlement. The regulator also changed…
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