Shares of Billionbrains Garage Ventures Ltd (It grows) rose 4 per cent in Friday trade after bulk deal data showed that Goldman Sachs Europe bought shares worth Rs 210 crore via bulk deals on Thursday.
Goldman Sachs Europe bought 11,343,750 shares at Rs 185.50 per share. Friale Fund IV LLC was the seller, Bahrain Stock Exchange wholesale transaction data revealed on Thursday.
Groww shares rose 4.26 per cent to hit a high of Rs 198.15 on the BSE.
Earlier in May, several investors including Peak XV Partners (formerly Sequoia Capital India & SEA), a venture capital firm, sold Groww shares. Others include Ribit Capital and YC Holdings. A total of Rs 418.19 crore worth of Groww shares, representing 68 per cent of the outstanding equity, became eligible for trading last month, after the IPO lock-up period ended. Foreign companies held 3,62,77,55,052 shares or 57.83 per cent stake in Groww as of March 31, 2026. FPIs held another 2.51 per cent stake in the discount broker at the end of March.
Kotak Institutional Stock included Groww in its model large-cap portfolio after the stock corrected from peak levels in early May.
“GROWW stock is trading at 40 times EPS for FY27 and 32 times EPS for FY28,” Kotak said on May 31. “GROWW stock is trading at 40 times EPS for FY27 and 32 times EPS for FY28,” Kotak said on May 31.
Groww is among the top 50 MOFSL ideas. Recently, Jefferies suggested a target price of Rs 225 per share. He highlighted strong investor interest in Groww’s long-term growth strategy, with discussions largely revolving around its wealth management ambitions, expanding its lending business, client engagement trends and the evolving regulatory landscape.
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