Groww Crashes 10% To Hit Lower Circuit After Rallying 70% Post Listing

Shares of Groww parent, Billionbrains Garage Ventures Ltd, slumped 10% to hit the lower circuit at INR 169.94 on the BSE today.

The stock saw its first decline after a stellar run in the first five sessions, during which it nearly doubled from its issue price. The company made its public market debut on November 12.

The stock touched its all-time high of INR 193.91 yesterday, marking an upside of 70% from its listing price of INR 114 on the BSE and nearly 94% from the issue price of INR 100.

At…