Groww shares plummet over 10% after gravity-defying rally; what you need to know today

The stock slipped over 10% to ₹169.89 on the NSE against the previous close of ₹188.77 on the NSE.

The stock of the company on Monday jumped as much as 11% to hit a high of ₹193.80 on the NSE. This translates to a whopping 94% jump from the IPO issue price of ₹100.

However, the stock pared some gains minutes later but still ended with notable gains.

On Tuesday, the company, in its regulatory filing, said that the company will hold an earnings conference call on Friday, November 21, 2025, at 04:00 p.m. (IST) to discuss the unaudited financial results.

On Monday, the company already said that a meeting of the Board of Directors of the company is scheduled to be held on Friday, November 21, 2025, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter and half year ended September 30, 2025.

Groww shares: What happened on Tuesday

According to a Moneycontrol report that cited exchange data, more than 30 lakh shares of Groww-backed Billionbrain Garage Ventures had moved into the auction window, a scale analysts described as unusually large.

The auction window on the NSE (National Stock Exchange) is a special trading session where the exchange buys or sells shares to settle delivery shortages. The timing is from 2:00 PM to 2:45 PM.

When a seller fails to deliver shares they sold (for example, they sold shares they didn’t actually have in their demat account), the NSE steps in.

To fix this, the NSE holds an auction window where other traders or brokers can offer their shares so the exchange can deliver them to the buyer.

This prevents settlement failure.

In simple words, the auction window is the NSE’s backup system to buy missing shares when a seller fails to deliver.

According to Moneycontrol, the situation highlights how a wave of short sellers appears to have misread the stock’s strong post-listing momentum. Expecting the rally to fade quickly, many traders sold shares they did not own, believing they could buy them back at lower prices the same day. Instead, the stock kept rising, leaving several unable to arrange delivery on the settlement date and pushing a significant volume into the auction segment, analysts noted.

The severity of the squeeze underscores the strong buying interest in the counter. Groww, which was listed on November 12, has soared nearly 90% above its issue price of ₹100 per share in just four sessions.