Groww Crashes 10% To Hit Lower Circuit After Rallying 70% Post Listing

, By INC42
Groww Crashes 10% To Hit Lower Circuit After Rallying 70% Post Listing
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Shares of Groww parent, Billionbrains Garage Ventures Ltd, slumped 10% to hit the lower circuit at INR 169.94 on the BSE today.

The stock saw its first decline after a stellar run in the first five sessions, during which it nearly doubled from its issue price. The company made its public market debut on November 12.

The stock touched its all-time high of INR 193.91 yesterday, marking an upside of 70% from its listing price of INR 114 on the BSE and nearly 94% from the issue price of INR 100.

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Groww Crashes 10% To Hit Lower Circuit After Rallying 70% Post Listing

, Published By INC42
Groww Crashes 10% To Hit Lower Circuit After Rallying 70% Post Listing
Tech


Shares of Groww parent, Billionbrains Garage Ventures Ltd, slumped 10% to hit the lower circuit at INR 169.94 on the BSE today.

The stock saw its first decline after a stellar run in the first five sessions, during which it nearly doubled from its issue price. The company made its public market debut on November 12.

The stock touched its all-time high of INR 193.91 yesterday, marking an upside of 70% from its listing price of INR 114 on the BSE and nearly 94% from the issue price of INR 100.

At…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Tressa Doors Launches Its Latest Range of Premium Engineered Doors to Match the Modern Interiors
Next News
EPA fines Apple over hazardous waste management violations
INC42

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