Billionbrains Garage Ventures' net profit fell 28 per cent in the December quarter, even as revenues rose 16 per cent on growth in new segments and a rising active client base
US-based asset manager State Street Investment Management will acquire a 23 per cent stake in Groww Asset Management for USD 65 million (Rs 580 crore), in a move aimed at strengthening its presence in India, the asset management arm of Billionbrains Garage Ventures said on Wednesday. The investment will be made in one or more tranches. The total investment comprises Rs 381 crore through secondary share purchases and about Rs 199 crore in fresh capital, which could dilute Groww AMC's stake up to 23 per cent. "The investment will help State Street Investment Management to strengthen its presence in India while also enabling the delivery of Indian-focused investment strategies to its clients globally," the US-based firm said in a statement. Separately, in a stock exchange filing, Groww AMC said it has entered into an agreement with State Street Global Advisors Inc, an entity that operates under the State 'Street Investment Management' brand, for an investment into the ...
Sensex Today | Stock Market LIVE Updates, Jan 14, 2026: On BSE, Tata Steel, NTPC and Axis Bank were top gainers, while Asian Paints, TCS and Maruti Suzuki were top drags.
Groww attributed the drop in profit to a one-time long-term incentive that materialised in Q3FY25. When that is excluded, the company said that its Q3FY26 profit increased 24 per cent Y-o-Y
Q3FY26 company results: Firms including Groww, Anand Rathi Share and Stock Brokers, Aditya Birla Money, and Den Networks are also to release their July-September earnings reports today
Groww share price gained 3.70 per cent in two sessions to Tuesday
Shrikant Chouhan, head of equity research at Kotak Securities, remains upbeat on Apollo Hospitals and Billionbrains Garage Ventures (Groww) shares today. Check out the key reasons here
The stockbroker is seeking shareholder approval for amendments to the ESOP scheme and rights for founders to appoint directors to the board
On the bourses, Billionbrains Garage Ventures' share price climbed as much as 2.7 per cent to an intraday high of ₹159.75 before paring gains to trade 0.26 per cent lower at ₹155.15 around 11:30 AM.
Companies raised a total of ₹1.74 trillion (₹1,74,379 crore) through 101 mainboard initial public offerings, making the year a landmark for equity fundraising
The brokerage firm has set a price target of ₹180, implying an upside of about 12 per cent from current levels. Shares of Groww are already up 61 per cent over their IPO price
Groww's parent Billionbrains Garage Ventures share price jumped to a three-week high on Friday. The stock price surged as Jefferies started coverage with a 'Buy' rating
Capital market stocks to buy in India: Analysts prefer exchanges and intermediaries over AMCs citing strong operating leverage, rising retail participation, record SIP inflows
Groww shares are currently trading 45 per cent above its issue price of ₹100 and 30 per cent its listing price of ₹112 per share.
According to a YES Securities' report, OFS accounted for nearly 63 per cent of total IPO proceeds in 2025, meaning most of the money raised is going to existing shareholders
Groww is well placed to benefit from India's rising culture of financialisation and retail investing, even as the broader brokerage industry faces near-term regulatory headwinds
Groww's first quarterly results as a listed company show a 12 per cent rise in profit despite a revenue drop, as tighter derivatives rules weigh on volumes
Stock Market Close Highlights, Friday, November 21, 2025: Among the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices closed lower by 1.13 per cent and 1.22 per cent respectively
Despite the rebound, the stock remains around 13 per cent below its November 18 peak of ₹193.80, achieved less than a week after listing
Groww competes with Angel One, Motilal Oswal Financial Services and Zerodha in India