Groww Stock Slumps Nearly 7% After Nine-Day Rally

Shares of stockbroking platform Groww, parent company Billionbrains Garage Ventures, dropped nearly 7% on Friday. Investors had taken profits from a nine-day rally, causing the stock to fall as much as 6.6% to an intraday low of ₹208.75 on the BSE. The rally had seen Groww shares climb over 23% in nine trading sessions. Though the correction occurred, Groww shares were still around 8% below their 52-week high of ₹227, set in April 2026.

The stock had previously hit a low of ₹112.02 in November 2025. Over the previous week, shares gained 11%, while returns over one month and three months stood at 10% and 12%, respectively. However, six-month returns were only approximately 0.5%. Groww's parent reported a 54% jump in consolidated net profit to ₹725 crore during the September quarter of FY27, compared to ₹471 crore a year earlier.

Revenue increased 44% to ₹1,541 crore from the previous quarter's ₹1,071 crore. The company decreased its reliance on equity derivatives, whose revenue contribution fell to 45% from approximately 57%. Meanwhile, commodities now made up 6.2% of revenue, up from just 0.2% previously. Groww's customer base transacting on its platform rose 27% to 2.4 crore, while customer assets grew 46% to ₹3.9 lakh crore.

Despite the regulatory changes and volatility plaguing the broking industry, the figures demonstrated continued business expansion.