Groww's parent company bounces back after wild stock swings
Shares of Billionbrains Garage Ventures (Groww's parent) climbed 3.4% on Monday, rebounding for the second day after a sharp 17% drop over the previous two sessions.
The rollercoaster ride started with a huge 94% jump right after its IPO debut at ₹100.
Even with all this volatility, investors seem upbeat about Groww's strong platform and knack for attracting users, seeing real potential for long-term growth.
What's driving the buzz—and some worries
Groww is posting impressive numbers: a net profit margin near 47% and return on net worth at 37.57%, outshining competitors like Angel One.
But the current share price is much higher than rivals—trading at 34-44 times next year's earnings versus Angel One's 20x—which has some people worried about overvaluation.
Analysts also warn that new SEBI rules on futures and options could squeeze profits, but so far, Groww's solid performance keeps investor interest high.