BILLIONBRAINS GARAGE VN L (GROWW)
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Groww Q2 net profit jumps 54% to Rs 726 crore
Groww reported a 54% year-on-year rise in consolidated net profit to Rs 726 crore for the September quarter, with revenue climbing 47%. Coverage notes that while the company's diversification efforts are progressing, its futures and options segment remains under pressure. The results mark a strong quarter for the parent company despite regulatory headwinds in derivatives trading.
Groww adds 101,000 active clients, 48% of NSE Q2 net additions
Brokerage platform Groww added 1,01,000 active clients in September, accounting for nearly 63 per cent of the broking industry’s net additions of around 161,000 during the month, according to NSE data. The company’s active client base rose to 13.448 million from 13.347 million in August, while its market share increased to 29.16 per cent from 29.04 per cent.
Groww launches US stocks, ETFs via GIFT City route
Investment platform Groww has rolled out access to US-listed stocks and exchange-traded funds (ETFs) to select customers, marking its entry into international investing, people aware of the development said. The offering allows users to buy and sell US securities directly through the Groww app and also supports fractional investing.
Groww shares fall over 4% after block deal; most active stock on NSE
Groww shares fall over 4% after block deal; most active stock on NSE According to Bloomberg data, as many as 100.2 million (10.02 crore) Groww shares changed hands in a block deal. Listen to This Article Groww share price: Shares of Billionbrains Garage Ventures Ltd, the parent company of stockbroking platform Groww, fell more than 4 per cent in trade on Wednesday following a block deal.
Groww adds 2.23 lakh clients, market share hits 29%
Groww added 2.23 lakh active clients in August, lifting its market share to over 29%, while the broader broking industry added more than 5 lakh active clients. Jefferies sees further upside for Groww, citing ample headroom in India's margin trading facility (MTF) book, which could drive future growth.
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Groww shares fall 5% after block deal worth over ₹3,708 crore - CNBC TV18
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