Groww stock price soars 9% on huge volumes; analysts expect more upside

Groww share price rose on strong volume on Friday: Till 01:08 PM; a combined 167.63 million equity shares changed hands on the NSE and BSE.

Billionbrains Garage Ventures (Groww) share price today

 

Shares of Billionbrains Garage Ventures (Groww) moved higher by 9 per cent to ₹179.75 on the BSE in Friday’s intra-day trade amid heavy volumes. The market price of the stock broking & allied services company was quoting higher for the second straight day, surging 10.5 per cent during the period.

 

At 01:08 PM; Groww stock was quoting 8 per cent higher at ₹176.85 on the back of a near three-fold jump in average trading volumes. A combined 167.63 million equity shares changed hands on the NSE and BSE. In comparison, the BSE Sensex was up 0.34 per cent at 83,670.

 

 

The stock price of Groww had hit a record high of ₹193.91 on November 18, 2025. The company made its stock market debut on November 12, 2025. Currently, Groww quotes 80 per cent higher against its issue price of ₹100 per share.  FOLLOW STOCK MARKET LIVE UPDATES TODAY

Groww’s Q3 results

 

Groww registered a 28 per cent decline in net profit to ₹547 crore for the quarter ended December 2025 (Q3FY26). Excluding the provision for one-time incentive, profit after tax would have grown 24 per cent year-on-year.

 

The brokerage firm saw revenues rise 16 per cent YoY to ₹1,261 crore, driven by contributions from new product segments such as commodity trading, loans against shares, and wealth management. On a sequential basis, profit and revenues were up 25 per cent and 19 per cent, respectively.

 

EBITDA margin was stable at 61 per cent supported by strong revenue growth as costs are largely fixed in nature. Management guided that employee and marketing costs are likely to grow at 10-20 per cent, which could lead to margin expansion if this is outpaced by revenue growth.

 

Groww said it was the only major brokerage to record growth in its active client base during the quarter, helping cement its leadership position. Its market share in the equities cash segment rose from 21.6 per cent in Q3 FY25 to 28.8 per cent in Q3 FY26, while its share in equity derivatives increased from 12.2 per cent to 18.1 per cent during the period. Meanwhile, its market share in the mutual funds segment rose marginally from 12.3 per cent to 13.7 per cent.  ALSO READ | Brokerages split on HDB Financial as margins improve but growth lags

State Street Investment Management to acquire 23% stake in Groww AMC

Groww announced an agreement with US-based State Street Global Advisors for an investment of ₹580 crore for 23 per cent stake in Groww Asset Management. Upon completion of the proposed transaction, State Street will hold 4.99 per cent aggregate voting power in Groww Asset Management Company (AMC).

 

The investment will be made in one or more tranches. The total investment comprises ₹381 crore through secondary share purchases and about ₹199 crore in fresh capital, which could dilute Groww AMC's stake up to 23 per cent.

 

The Groww AMC is an investment manager of Groww Mutual Fund, and it manages various funds of Groww Mutual Fund. Groww said the purpose of the acquisition is to meet certain working capital needs and pursue further growth opportunities. On completion of the said transaction, Groww AMC will continue to remain a wholly-owned subsidiary of the company.  ALSO READ | LTIMindtree up 6% on winning CBDT's 'Insight 2.0' deal worth ₹3,000 crore

Motilal Oswal Financial Services sees more upside in Groww stock price

 

Groww continues to report strong revenue growth, backed by rising user adoption of products as well as robust user activation. Its brokerage business is gaining market share across segments, with recent product launches, such as MTF (Margin Trading Facility) and commodities, fueling further growth. The rising number of affluent customers unlocks wealth management opportunities for the company, with the ongoing Fisdom integration giving a further boost, analysts at Motilal Oswal Financial Services said in the Q3 result update.

 

The brokerage firm has increased its FY27/FY28 EPS estimates by 2 per cent each, considering strong MTF book expansion and better-than-expected launch of the commodities segment. It maintains BUY rating with a revised target price of ₹190 (premised on 28x FY28E EPS).  ===========================  Disclaimer: View and outlook shared on the stock belong to the respective brokerages and are not endorsed by Business Standard. Readers discretion is advised.