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CAS review: BSE, Groww rally 3% as Sebi panel likely backs VWAP method

Groww secured new business.

· Business Standard Mkts

VWAP is a concept that gives the average price a security has traded at throughout the day based on both volume and price.

Groww reported movement of 3%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is +2.7% on the day at ₹197.75, and has returned -9.6% over three months. It sits 11% below its 52-week high. The capital markets sector has moved -5.8% over the same period, so Groww is running 3.8 points behind its peers.

For Groww, the question is how much of this is already reflected in the price and how much re-rates the capital markets peer set alongside it.

  • With SEBI, BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
  • The company directly in focus is GROWW.
  • Sector exposure: Capital Markets.
  • The immediate tone of coverage reads positive.
GROWWCapital Markets