The MSCI Standard Index will see four additions, Adani Energy Solutions, Billionbrains Garage Ventures, Laurus Labs, and Lenskart Solutions.
Groww Stock: According to data compiled by Bloomberg, about 126.2 million shares of the stockbroking company changed hands in two block trades.
Analysts attributed the weakness to capital market regulator Sebi's latest study, which showed a decline in active derivatives traders in FY26 following tightened regulations.
Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market ...
In early deals on Tuesday, as many as 76.55 million equity shares representing 1.22 per cent of total equity of Groww changed hands on the BSE, the exchange data shows.
As per the 360 One Capital report, NSE active clients declined in July by 1.8 per cent M-o-M and 3.6 per cent Y-o-Y.
MSCI's August review adds four Indian companies and removes three, with India's index weight rising marginally to 11.9 per cent and constituents increasing to 166
The MSCI India Domestic Small Cap Index will see a broader reshuffle, with 12 stocks added and 19 removed.
Subramanya SV and Anand Dalmia will exit Groww after completing a planned one-year transition following Fisdom's acquisition and integration into the fintech firm's wealth business
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?