Groww, a prominent player in the capital market, experienced a significant surge in its stock price, climbing by 5.60% during intraday trading. This uptick was triggered by the Reserve Bank of India (RBI) announcing a deferment in the enforcement of new liquidity norms until July 1, 2026, offering respite to margin trading facility (MTF) providers.
The postponement also had a positive impact on other brokerage and capital market-related stocks, with Angel One witnessing a 7% jump to ₹243.50 during intraday trading.
Initially reaching a high of ₹158.50 on the BSE, Groww’s stock price settled at ₹157.35, reflecting a 4.83% increase by midday. The market capitalization of Groww stands at ₹98,401.36 Cr ($10.53 Bn).
The RBI’s decision to delay the implementation of the liquidity tightening framework was prompted by feedback from banks, intermediaries, and industry entities regarding operational and interpretational challenges. While some relaxations have been introduced, the fundamental structure of the framework remains unaltered.
Under the revised guidelines, loans against eligible securities for individuals are capped at ₹1 Cr, and at ₹25 Lakh for participating in IPOs, FPOs, or ESOPs at the banking system level.
Source: Inc42 Media