Can Groww sustain its rally, or is a correction around the corner?

Mumbai: The market capitalisation of Billionbrains Garage Ventures, the parent of brokerage Groww, crossed the ₹1 lakh crore mark on Monday, boosted by the 56% jump in its stock price since listing on November 12. The pace of the run-up in four trading sessions has prompted analysts to warn investors that the stock may be overbought.

Shares of Groww ended at ₹174.7, up 17.8% over the previous trading session. At close on Monday, the company’s market value stood at ₹1,10,032.01 crore.