Groww Share Price Rally 94% Since IPO — What Investors Must Know? Multibagger Potential or Caution Signal?
Groww Share Price Rally: Groww share price rally continues its stellar performance post-listing, leaving Dalal Street buzzing with speculation — is it India’s next multibagger stock, or are valuations getting stretched?
With a massive 94% return since listing, Billionbrains Garage Ventures (Groww’s parent) has seen unprecedented investor interest. But is the euphoria justified?
Why Is Groww Share Price Rally Seen Post-Listing?
Groww’s shares debuted with a 31% listing gain over its IPO price, and the momentum hasn’t stopped. The Groww share price rally around 90% post listing & the stock has now climbed for five straight sessions, clocking ₹193.91 as of November 18, 2025, up from its issue price of ₹100.
The primary factors behind this upward trajectory include:
- Retail investor frenzy for digital-first stockbroking platforms
- Aggressive expansion plans into wealth management, margin trading, and commodities
- Massive user base (26% share of active NSE clients)
- Investor optimism around India’s growing equity culture
Groww IPO Performance Summary
| Parameter | Value |
|---|---|
| IPO Price | ₹100 |
| Listing Day Close (Nov 12) | ₹131.10 (+31%) |
| Current Market Price (Nov 18) | ₹193.91 |
| Return Since IPO | +93.9% |
| Market Capitalisation | ₹1.02 lakh crore |
Current Market Zone: Around ₹191–192
The stock is in a strong uptrend, trading well above both the 50-period and 200-period moving averages, which confirms bullish momentum.
Key Support Levels
1. Immediate Support – ₹187–188
- This zone aligns with the 50MA (₹187.72).
- The stock took multiple pullbacks here and bounced strongly.
- Strongest short-term support.
2. Major Support – ₹165–168
- Close to the 200MA (₹164.99).
- Acts as the medium-term trend support.
- High probability demand zone in case of a deeper correction.
Key Resistance Levels
1. Immediate Resistance – ₹195
- The price tested this zone several times with visible rejection wicks.
- First barrier for further upside.
2. Major Resistance – ₹199–200
- Psychological round number.
- Previous swing high on the chart.
- Likely to see profit booking if touched.
Technical Observations
RSI Status:
- RSI around 70–72, indicating overbought territory.
- Minor pullback possible before the next leg up.
Trend Strength:
- Higher highs & higher lows visible.
- Strong volume during breakouts confirms buying interest.
Moving Averages:
- Price > 50MA > 200MA → Strong Bullish Structure
Is Groww Share a True Multibagger Stock?
Groww’s meteoric rise has placed it among the top 100 most valuable Indian companies, surpassing the combined market cap of 8 brokerages like Angel One, IIFL, and JM Financial.
Even CEO Lalit Keshre has entered billionaire territory, thanks to the stock’s value explosion. But what does this mean for retail investors — is this a multibagger in the making or a hype-fueled bubble?
What Are Analysts Saying About Groww’s Valuation?
While momentum traders cheer the Groww share price rally, the valuation-conscious investors are raising caution flags.
Analyst Comparison: Price-to-Earnings (P/E) Ratio
| Company | P/E Ratio (TTM) |
|---|---|
| Groww | 61x |
| Angel One | 33x |
| Motilal Oswal | 29x |
| Nuvama Wealth | 26x |
| IIFL Wealth | 24x |
How Does Groww Compare with Peers?
Groww’s premium is largely attributed to its disruptive tech model and market share among millennials. But unlike traditional players, Groww is yet to demonstrate consistent profitability across business cycles.
Peer Comparison Table
| Metric | Groww | Angel One | Motilal Oswal |
|---|---|---|---|
| Market Cap (₹ Cr) | 1,02,000 | 29,000 | 11,800 |
| Active NSE Clients Share | 26% | 18% | 8% |
| Core Focus | Digital Broking + Wealth | Full-service Broking | Research-led Broking |
| Profitability (FY25E) | Moderately Profitable | High | Moderate |
Should You Buy Groww Shares Now?
✅ Suitable For:
- Long-term investors betting on India’s digital broking and investing revolution
- Investors willing to stomach high valuations for potential multi-year growth
- Momentum traders riding the current wave
❌ Exercise Caution If:
- You prefer value over growth
- You’re uncomfortable with 60x+ P/E multiples
- You’re expecting quick profits based on sentiment rather than business delivery
Final Takeaway: Can Groww Justify Its Rich Valuation?
Groww share price rally surge reflects investor belief in the “Robinhood of India” story — a tech-first, millennial-friendly investment platform growing fast in a digitising financial landscape. However, current valuations demand delivery, not just disruption.
For those already invested, it’s been a rewarding ride. For new entrants, the stock offers potential — but only if you’re in for the long haul and ready for interim volatility.
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Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
