New Delhi, Nov. 18 -- Short squeezes amid tight share supply have catapulted the market value of fintech platform and broking firm Groww close to that of BSE Ltd that runs the 150-years-old Bombay Stock Exchange. Shares of Groww's parent listed on BSE last week.

A short squeeze involves bears being forced to close out their sell positions by buying the shares back at higher levels, resulting in price surges as seen on Monday.

Shares of the listed parent of Groww, Billionbrains Garage Ventures Ltd, surged 17.45% on Monday to Rs.174.45, taking its market value to Rs.1.07 trillion, up from Rs.916 billion on Friday - only Rs.70 billion shy of BSE's Rs.1.14 trillion.

Since debut last week the shares have soared 56%. Billionbrains listed at ...