Groww shares fall 7% on multiple block deals
In short
Groww shares fell 7% after multiple block deals on the NSE on Friday. Bloomberg data showed 88,524,639 shares, or 1.41% of total equity, changed hands.
The move ended the stock’s nine-day winning streak and put selling pressure on the shares.
What the reporting says
Groww shares fell 7% after multiple block deals on the NSE, with 88,524,639 shares, or 1.41% of total equity, changing hands according to Bloomberg data. The trade ended the stock’s nine-day winning streak.
Why it matters
Groww shares dropped after large block deals were executed on the NSE, with Bloomberg data showing 88,524,639 shares changing hands. The move reversed a nine-day winning run for the stock.