Groww Shares Plummet 18% in 2 Days Amid Valuation Worries and Short Selling.
AI Summary1 min read
TL;DR
Groww shares dropped 18% in two days as investors took profits and short sellers targeted the stock after a 90% post-listing surge, with the BSE hitting a low of Rs 154.
Tags
Growwstock marketvaluationshort sellingprofit-taking
Groww shares have fallen 18% in two days due to profit-taking and short selling amid stretched valuations. The stock had surged 90% after its listing, but investors are now booking profits as traders continue to short the debutant. The BSE saw a day low of Rs 154 on Thursday, with the stock down 9% from its previous close.
