Groww is outgrowing discount broking. Current valuations to punish execution missteps

Groww added 115,000 net active clients on the National Stock Exchange in Q1, up 4% sequentially, taking the total number of transacting users to 22 million, even as the industry lost 260,000 clients amid weaker initial public offering activity and softer ETF participation. Angel One’s total user base grew 3.2% sequentially to 38.6 million.


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