Groww share price: Stock advances over 3.5% after closing in the red on Monday; what investors need to know

The stock, which witnessed a one-way rally for the first few sessions from the IPO issue price of ₹100 to the record high of ₹193.80 on the NSE last week, has been volatile of late.

On Monday, November 24, the stock ended at ₹151.19, down 4.21% on the NSE. This translates to a decline of 21.9% from the record high level touched on November 18.

However, on Tuesday, November 25, in the opening trade, the stock jumped as much as 3.6% to hit a high of ₹157.29 on the NSE.

The company, on Friday, November 21, reported a 12% year-on-year (YoY) growth in its consolidated net profit to ₹471.33 crore in the September quarter (Q2 FY26), driven by an expanding user base and strong asset growth.

Headquartered in Bengaluru, the company had posted a net profit of ₹420.16 crore in the July-September quarter of the preceding fiscal year (FY25).

The broking firm's revenue from operations declined to ₹1,018.74 crore in the quarter under review, from ₹1,125.4 crore logged in the year-ago period, Groww, which released its first quarterly results after listing on stock markets, said in a stock exchange filing.

Groww said its total transacting users rose to 19 million, marking a 27% YoY increase.

Further, customer assets surged 33% YoY to ₹2.7 lakh crore, driven by resilient flows in both mutual funds and equities.

Groww's impressive debut

On November 12, 2025, Groww made a remarkable debut, closing with a premium of nearly 31% against the issue price of ₹100.

The company's initial public offering (IPO) comprised a fresh issue of equity shares worth ₹1,060 crore along with an offer for sale (OFS) component of 55.72 crore equity shares.

Its IPO received 17.60 times subscription.

The company, which is backed by marquee investors such as Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella, would use proceeds from the IPO to invest in technology development and business expansion.

Founded in 2016, Groww emerged as India's largest stockbroker, with over 26% market share.

India stock broking market outlook

The discount broking market size is estimated at $25.76 billion in 2025 and is expected to reach $34.95 billion by 2030, at a CAGR of 6.29% during the 2025-2030 period, says a report by Mordor Intelligence.

Meanwhile, a study by Markets and Data says that the India security broking market is projected to witness a CAGR of 7.24% during the forecast period FY2025-FY2032, growing from $3.15 billion in FY2024 to $5.51 billion in FY2032.

Factors such as the rise in demand for trustworthy, fast, and efficient order execution, the rise of favourable government regulations, increasing demand for demat accounts, and the need for market supervision primarily drive the growth of the Indian securities broking market.

On the contrary, the emergence of AI and algorithms in financial services is expected to provide profitable opportunities for market growth during the forecast period.

The Indian security broking market is a financial industry segment focused on facilitating the buying and selling of stocks and other securities on behalf of investors. The market involves various participants such as high-net-worth individuals, retail, and individual investors.

Securities brokerages act as intermediaries between the buyers and sellers of stocks. They execute orders on behalf of clients, providing access to stock exchanges and other trading platforms.