Mumbai, Jan 17, 2026, 17:35 IST — The market has closed for the day.
Billionbrains Garage Ventures Ltd, the parent company of online investment platform Groww, closed Friday up 5.41% on the NSE, finishing at 173.23 rupees after hitting a high of 179.78. Trading was robust, with around 190 million shares changing hands on the NSE. The stock also gained 5.66% on the BSE. 1
The market kept digesting this week’s deal updates and quarterly results, while fresh brokerage notes trickled in toward the close.
Motilal Oswal Financial Services stuck to its “buy” rating and maintained a 190-rupee price target, highlighting growth in newer segments like its margin trading facility (MTF), which allows clients to purchase shares by paying just a fraction upfront, along with its recently introduced commodities division. 2
Business Standard also reported management’s outlook, expecting employee and marketing expenses to climb 10%-20%. The note highlighted gains in market share for both cash equities and equity derivatives during the quarter. 3
The State Street deal in Groww’s mutual fund unit remains both a potential overhang and a source of support. According to The Economic Times, State Street Global Advisors plans to pump up to 580 crore rupees into Groww AMC. This will happen through a combination of secondary share purchases—meaning existing shares changing hands—and a primary subscription of fresh shares. The deal is structured so State Street’s voting power stays capped at 4.99%, even if stake dilution hits as high as 23%.
Groww co-founder and COO Harsh Jain said in State Street’s statement that the partnership aims to deliver “global best practices and sophisticated investment products to Indian investors.” 4
Reuters reported that consolidated net profit for the quarter ending Dec. 31 dropped to 5.47 billion rupees, down from 7.57 billion a year earlier. Revenue from operations, however, jumped nearly 25% to 12.16 billion rupees. The outlet also highlighted an adjusted measure that increased 24%, with active users rising to 16 million. 5
The company’s filings included key performance indicators, an audio recording of its analyst/investor call, and a CRISIL monitoring agency report on IPO proceeds usage, as detailed in notices on Moneycontrol. 6
There’s still a risk the rally could reverse. The State Street investment needs regulatory green lights, and approval delays can sap the energy from deal-driven gains. On top of that, rising costs to secure clients and a dip in retail trading would put the earnings outlook under pressure.
The market being closed for the weekend sets the stage for Monday’s reopen (Jan. 19), when the key question is if Billionbrains can maintain most of Friday’s gains. Traders will also be watching closely for any new details on the State Street deal and signs of momentum after the earnings release.
