First what does it mean to ‘buy a stock’ of a company? It means you are buying ownership in that company and after that if you are buying any stock suppose you bought 10 stocks of maruti Suzuki and the stocks come on to your Demat account after you buy them and stays in your Demat account. Now what is Demat account? Demat account is just like a bank account a bank account is used to keep money similarly Demat account is used to keep stocks. If you have not started your investment journey you will have to open an account you will have to to onboard on groww. Coming to ‘onboard’ the onboarding process used to be very complicated back then you had to sign on long papers and then courier them and after courier it used to take around 2-3 days for your account to activate. The process was so complicated back then but nowadays it has become very simple, suppose today is trading day and at 10:00 a.m. in the morning I decided to start investing in stocks so all you need to start investing in, download the groww app after downloading and signing up you have to upload all the important documents as mentioned and fill the important details. I had already explained the complete process of that by clicking the given link you can check it. In this we are going to discuss how to buy or sell stocks in groww.
How to buy or sell a stock
So first you have to open an account, Now I will tell you in detail that how you can buy or sell stocks there and I will also explain how you can take an informed decision as this question might pop up in your mind that even I started investing with stocks should I invest in ? so I will try to answer this question and some point that can help you in making an informed decision.
So friends once you create an account it and come to grow website you will see these details and you can see here are the options to invest such as mutual funds stock gold and US stocks which is going to be live soon.
so firstly if I talk about mutual funds you can see some of the popular mutual funds, here you can search for any other mutual funds and select the one in which you are planning to invest.
Now let’s go to stocks which is our main point of discussion. To invest in stocks you can see all details in this stock page that will give you a feel of the market so that you know what is going on in the market currently. If I talk about main index Nifty 50 and sensex you can see that changes here and know where Nifty 50 and sensex are trading right now and you also see who were the top gainers and top losers for the day and if you are interested in a particular sector you can also directly click it and see the stocks there suppose if I want to check out the banking sector and banks under it so after clicking their and I will go to the banking sector where all the banks information is there and and from here we can select any stock to invest in. Suppose I come to this page and I find a bank which is State Bank of India and I click on it after clicking in it I land on SBI product page now as you can see here on SBI product page you can first see the chat from here you can convert it into candlestick if you want to see it in candlestick and on scrolling down further you can see NSE and BSE where ever you want to invest you can select accordingly.
You can see the basic details here such as performance, you can see here the quantities that are for buying and selling in the market this time and if we talk about the company’s brands you can see all the details of the brand logo here then if you want to know about the companies details you can check the company details here and as I say in my articles all the important informations on the basis of which you decide whether to invest or not will be present here.
If we talk about banking sector P/B ratio is very important so you can see the market value, P/B ratio and P/E ratio, ESP, book value and all other details you can check out here and if we scroll down we can also check out the profit and loss statement of the company. If you want to check company revenue, interest income is very important in banking sector so you can check all details. you can also check the details about balance sheet and cash flow all the details that help you to make informed decisions about investing are present here.
Now suppose, if for purely educational purpose I explain you to how to invest and how to buy your first stock. So to buy any stock there is no financial jargon here you just have to enter the quantity of the stocks you wish to buy suppose I want to buy one share of SBI, place the market order and I will enter ‘1’here and will press buy and within few seconds my order will be fulfilled
and if you want the intraday option you can change it from the delivery by clicking you can make your position in intraday and if you want to sell these stock you can go to your orders and select sell option and you can easily sell these stocks.
so friends I only wanted to tell you that the entire process of buying and selling of the stocks is very simplified and you don’t have to know about any financial jargons.
we not recommended any stock to buy or sell this article is only for educational purpose.
what did you learn today
I hope you have liked my article on How to buy or sell stocks in groww. It has always been my endeavor to provide complete information about the future of stock market to the readers, so that they do not have to search any other sites or internet in the context of that article.
This will also save their time and they will also get all the information in one place. If you have any doubts about this article or you want that there should be some improvement in it, then you can write comments below for this.