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News Topical, Digital Desk : The stock of Groww 's parent company, Billionbrains Garage Ventures Ltd., has been delivering impressive returns over the past five days . The company's shares traded nearly 8 % higher on Tuesday, November 18th . This is the fifth consecutive day of gains. Groww shares are now up nearly 90% from their issue price of ₹ 100 . At current levels, the company's market cap is ₹ 1.1 lakh crore, exceeding that of many large companies in the capital market segment . During Monday's trading session , 466 million shares of Groww were traded, of which 62 million were marked for delivery .
Strong volume was seen today, with 250 million shares changing hands in the first two hours of trading on Tuesday , bringing the total traded value to nearly ₹ 4,700 crore. According to NSE data, 23% of the shares were marked for delivery .
The next big trigger : first quarter results on November 21st . The company has informed the exchange that it will consider its quarterly results on November 21st . This will be the first quarterly result since listing . Investors are now eyeing this event . Market expert Sudip Bandyopadhyay told CNBC-TV18 : "I have been positive on Groww . I had previously said that this stock is worth buying. It was worth buying even when it listed at ₹ 120-130 . The stock has run up very fast, so it won't be today, but if there is a slight decline, there will be an opportunity to buy Groww . This company is going to move into a different growth orbit ."
He further said: " The company's expansion into fund distribution, wealth management , and other adjacent segments is a testament to its growth , profitability , and performance."
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