Groww stock climbs 5%

New Delhi: Shares of Billionbrains Garage Ventures, the parent company of stock broking firm Groww, extended its gains for the second consecutive day on Thursday, climbing more than 5 per cent on the bourses.

The scrip of the company climbed by 5.46 per cent to close at Rs 138.09 apiece on the BSE. On the NSE, shares of Bengaluru-based Groww rose 4.66 per cent to settle at Rs 137.45 apiece.

During the day, the company’s shares rallied by 17.22 per cent and 16.88 per cent to hit a high of Rs 153.50 each on the BSE and NSE, respectively. At the end of the session, the company’s market valuation stood at Rs 84,856.09 crore on the NSE.

In terms of volume, 53.52 crore equity shares of the company were traded on the NSE while 7.57 crore shares exchanged hands on the BSE during the day.

On Wednesday, Billionbrains Garage Ventures made a strong market debut, closing with a premium of nearly 31 per cent against the issue price of Rs 100.

The Initial Public Offering (IPO) of Billionbrains Garage Ventures received 17.60 times subscription on the final day of the share sale on Friday.