2 weeks ago
Groww shares fall 4% on Rs 1,500 crore block deals
Groww is a company that helps people save and invest money.
People can buy small pieces of Groww, called shares.
On Tuesday, some big investors sold a lot of these shares at once.
Selling many shares at the same time is called a block deal.
Because so many shares were sold, the price of Groww's shares went down.
The shares fell by more than four percent.
One share cost as little as Rs 190.70.
The deals were worth nearly Rs 1,500 crore, which is a huge amount of money.
This made Groww the worst-performing stock in its group that day.
Groww shares fell over 4% on Tuesday after two block trades.
Around 7.78 crore shares changed hands in deals worth nearly Rs 1,500 crore.
The block deals accounted for about 1.2% of the company's total outstanding equity.
The stock hit a low of Rs 190.70, making it the worst performer on Nifty Midcap 100.
It was the most-traded stock by volume on BSE 500, with volume 2.6 times its three-month full-day average.
- Who
- Investors in Groww (Billionbrains Garage Ventures Ltd) executed large block trades
- What
- Groww shares fell over 4% after two block deals worth nearly Rs 1,500 crore
- Where
- Indian stock markets (Nifty Midcap 100 and BSE 500)
- When
- Tuesday
- Why
- Around 7.78 crore shares, about 1.2% of outstanding equity, were sold in block trades
Key facts
- Company
- Billionbrains Garage Ventures Ltd (Groww)
- Share price fall
- 4.02%
- Day's low
- Rs 190.70
- Block deal value
- Nearly Rs 1,500 crore
- Shares traded
- ~7.78 crore
- Stake involved
- ~1.2% of outstanding equity
- Trading volume
- 2.6 times three-month full-day average
- Index performance
- Worst performer on Nifty Midcap 100











