Adani Green, Adani Energy Solutions and Groww are among the likely entrants, while Astral and SBI Cards face possible exclusion in MSCI's August index review
UTI AMC, Nuvama Wealth Management, 360 ONE WAM, KFin Technologies, Angel One and MCX dropped 3 per cent each in intra-day trade on Thursday.
Billionbrains Garage Ventures Ltd, the parent company of the digital investment platform Groww, on Wednesday reported a 94.3 per cent year-on-year increase in consolidated Profit After Tax (PAT) to Rs 735.04 crore for the quarter ended June 30. Bengaluru-headquartered company had earned a PAT of Rs 378.35 crore in the corresponding period last year. The company's revenue from operations rose 66 per cent to Rs 1,501.42 crore during the April-June quarter of FY27 from Rs 904.40 crore a year earlier, according to a stock exchange filing. On a sequential basis, revenue from operations remained largely flat at Rs 1,501.42 crore, compared with Rs 1,505.37 crore in the January-March quarter of FY26. PAT, however, increased from Rs 686.36 crore in the preceding quarter. Total expenses increased to Rs 555.68 crore from Rs 444.67 crore in the year-ago period. Shares of the company were trading 3.7 per cent higher at Rs 211.4 on the BSE in the afternoon trade.
Groww share price target: Rajesh Palviya said that looking at the business volumes and traction on its platform, the stock has potential to extend the rally from current levels and move towards ₹260
Q1FY27 company results: Firms including HDFC Life Insurance Company, ICICI Lombard, Jana Small Finance, HDB Financial Services are also set to release their earnings today
Stocks to watch today: Indian stock market was slated to open on a positive note. On stock-specific front, IT stocks will be in focus after IBM's weak outlook.
The international investing services are likely to launch in the next two to three months after brokers complete technology integration, testing and regulatory approvals
The buying on the counter came after on Thursday, Goldman Sachs bought more than 1.13 crore shares of Groww, from venture capital firm Friale for ₹210 crore
Stocks to watch, June 5: Banks, auto, realty, consumer durables, Groww, Tata Steel among others to remain in focus today
Global financial services firm Goldman Sachs on Thursday bought more than 1.13 crore shares of Billionbrains Garage Ventures, the parent company of Groww, from venture capital firm Friale for Rs 210 crore through an open market transaction. Goldman Sachs, through its affiliate Goldman Sachs Bank Europe SE, purchased 1,13,43,750 equity shares, representing a 0.18 per cent stake in the Bengaluru-based trading platform, according to block deal data available on the BSE. The shares were picked up at an average price of Rs 185.50 apiece, taking the deal value to Rs 210.43 crore. Meanwhile, Friale offloaded the same number of shares, as per the data. Shares of Groww rose 0.64 per cent to close at Rs 190.05 apiece on the BSE. On Monday, markets regulator Sebi approved US-based State Street Global Advisors' (SSGA) proposed stake acquisition in Groww Asset Management (Groww AMC), a wholly-owned subsidiary of Billionbrains Garage Ventures. Following the proposed transaction, SSGA will acqu
Angel One, Groww, 360 One Wam: 3 brokerages with up to 250% surge in Q4 net profit; time to buy stocks?
Larger platforms like PB Fintech and One97 Communications (Paytm) have closely tracked or slightly underperformed the Nifty 50, displaying far better resilience than sub-scale players
Apart from Kishore Biyani, who was chairman and managing director, other top executives of the company penalised by Sebi are former MD Rakesh Biyani and the ex-CFO CP Toshniwal
Groww block deal: According to Bloomberg data, 319.3 million shares or 5.1 per cent of equity were traded in multiple block deals
Stocks to watch today: Groww, Indian Hotels, Tata Power, JSW Energy, Persistent Systems, HFCL, Bharat Forge, HG Infra Engineering, among others, will remain in focus today.
Peak XV Partners, Sequoia Capital and Ribbit Capital plan to pare holdings in Groww's parent through a block deal worth up to Rs 4,750 crore
Groww Q4FY26 profit jumps 122% YoY. Analysts remain bullish on growth but flag rich valuations. Check target prices, ratings, and outlook
Billionbrains Garage Ventures, the parent company of stock broking firm Groww, on Monday reported an over two-fold growth in profit after tax to Rs 686 crore for the three months ended March 2026. The company had posted a PAT of Rs 309 crore in the same quarter preceding fiscal. Its total income surged 81 per cent year-on-year to Rs 1,536 crore in the quarter under review from Rs 850 crore in the January-March quarter of 2025, Bengaluru-headquartered Groww said in a stock exchange filing. The firm's total transacting users stood at 2.16 crore at the end of the March quarter, marking a 25 per cent year-on-year (YoY) growth. Its active user base stood at 1.67 crore. Further, its total customer assets accelerated 36 per cent year-on-year to Rs 3 lakh crore. "Operating leverage played out across all the cost buckets, leading to PAT margin expanding by 8.3 per cent YoY ...and an absolute PAT margin of 44.7 per cent in Q4. As the revenue increases faster than the costs, which are largel
Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.18 per cent and 0.45 per cent down, respectively
Groww reported a revenue from operations of ₹1,505.37 crore, up 87.93 per cent from ₹801.01 crore in the year-ago period