India, Feb. 2 -- Shares of online brokerage platform Groww remain under pressure for the second straight trading session after the finance minister Nirmala Sitharaman proposed hiking securities transaction tax (STT) on F&O derivatives during her ninth Budget speech yesterday.

The company's shares slumped as much as 6.6% during intraday trading on the BSE today to touch a low of INR 157. As of now, the stock recovered slightly to INR 159.95, marking a 4.8% decline from last close.

Notably, the company's market cap dropped below the INR 1 Lakh Cr mark after shares plunged as much as 14% to hit an intraday low of INR 152.9 on Sunday. Groww is set to end its second straight session of loss if current losses hold, breaking the momentum it ha...