Whalesbook
Billionbrains Garage Ventures Ltd (Groww), a leading discount stock broker, has experienced significant stock volatility since its November 12 listing. The stock, which opened at ₹112 against a ₹100 issue price, surged to ₹189 before a sharp decline. Its maiden Q2FY26 results showed an 11% quarter-on-quarter revenue increase to ₹1,019 crore and adjusted Ebitda growth of 23%. However, its ₹1 trillion market cap and 51 P/E ratio, compared to Angel One's 27 P/E, raise questions about valuation, especially given the low free float of only 7% impacting price discovery.