Indian markets have been rallying over the last few days. The BSE Sensex and the NSE Nifty are now near record highs.
In such a bullish market, one stock has been volatile: Billionbrains Garage Ventures (Groww).
Before we get into the reasons here is how the stock has moved on some days, showing the volatility.
| Date | Closing price | % gain or loss |
|---|---|---|
| 17-Nov | 174.75 | 17% |
| 18-Nov | 188.77 | 8.21 |
| 19-Nov | 169.89 | -10% |
| 20 November (at the time of writing) | 158.55 | -6% |
There is nothing fundamental that happened in the company that warrants investor attention. The sharp gains in the stock on 17 November and 18 November can be attributed to short-covering.
According to a report in the Moneycontrol, wave of short sellers appear to have misjudged the stock's sharp post-listing momentum. Expecting the rally in the Groww stock to fade away quickly, several traders sold shares they did not hold, assuming they could repurchase them at lower prices.
However, the stock continued to rally, leaving many unable to arrange delivery on the settlement date and forcing a substantial quantity into the auction segment.
According to reports 3 million (m) shares were pushed into the auction window leading to a surge in the share price.
The company is also set to announce its quarterly results on 21 November 2025. This has also made the stock increasingly volatile. This would be the first set of numbers declared by the company post its listing. Investors would keenly watch the results along with management commentary if any.
The two big events for the company would the quarterly results and the lock-in period which ends on 10 December 2025. Both these events are expected to keep the stock volatile.
According to Nuvama Alternative and Quantitative Research, as many as 149.2 m shares of the company, or 2% of the outstanding equity will become eligible to be traded once the lock-in ends.
Over the years Groww has seen rapid growth in digital investing and expanding product offerings. As of 2025, Groww boasts over 13 m active users and is India's No.1 stockbroker by active clients.
However, one of the biggest concerns for most broking firms is the possibility of ban on weekly F&O contracts. This could have a direct impact on broking firms, including Groww.
At the moment, SEBI is not currently planning a ban on weekly F&O contracts. The SEBI chairman, Tuhin Kanta Pandey, has stated the regulator will not shut down weekly derivatives expiries abruptly.
Instead, SEBI is considering calibrated changes and phased reforms in the F&O segment to curb excessive speculation while ensuring market participation remains robust.
Since listing on 12 November 2025, the stock has surged from Rs 130-131 levels to the current price of Rs 165. The shares have hit a record high of Rs 193.91 on 18 November 2025 and a low of Rs 112.01 on 12 November 2025.
Groww is a leading Indian online investment platform founded in 2016.
It started as a direct mutual fund distribution platform and quickly became one of India's most popular mutual fund investment apps.
Over time, Groww expanded its offerings to include stocks, ETFs, fixed deposits, digital gold, IPOs, intraday trading, and more, becoming a comprehensive digital investment platform for millions of users across India.
Groww has become India's No.1 stock broker by active clients and is expanding into other financial services such as lending, insurance broking, payment solutions, and wealth management.
Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.
Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...
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