Groww share price rally Today: The share price of Groww, a stockbroking and allied services company, is in focus as the company’s stock surged to a record high. As of 12:50 pm, the share price was up 8.4 per cent, or Rs 16.30, trading at Rs 211. Earlier in the session, it touched a high of Rs 212.95, its all-time peak. This reflects a rise of 9.4 per cent from the previous close of Rs 194.70.
Brokerage on Billionbrains Garage Ventures
The surge in share price followed BofA Securities initiating coverage on the retail brokerage platform with a ‘Buy’ rating and a price target of Rs 235, indicating a potential upside of 10.4 per cent from the intraday peak.
Bank of America stated that Groww is well-positioned to benefit from India’s retail investing tailwinds and expects the company to deliver revenue growth at a 30 per cent CAGR over FY26–28, according to an Economic Times report.
Profitability and Margin Outlook
BofA highlighted Groww’s best-in-class profitability, with further scope for expansion as operating leverage improves.
The brokerage projects EBITDA margins to rise to 67 per cent and PAT margins to 52 per cent by FY28, an unusually strong margin profile for a growth-stage fintech. This, the bank believes, sets Groww apart from its peers, The Economic Times said in a report.
Additionally, the company has been valued at 39x its FY28 estimated P/E.
Risks to Watch
According to ET, BofA cautioned about two near-term risks:
JPMorgan’s View
The report also noted that JPMorgan initiated coverage on Groww with an ‘overweight’ rating and a price target of Rs 210 per share.
Groww Share Performance
According to data available on the BSE’s official website, Groww’s share has delivered strong performance across multiple time frames, emerging as a solid wealth creator for investors in a relatively short period.
Over the past week, the stock recorded an absolute gain of 30.10, reflecting a 16.63 per cent increase. In two weeks, it surged by 30.82 per cent. The one-month performance has been even more impressive, with a gain of 35.57 per cent.
Over a three-month period, the stock advanced by 28.55 per cent. On a year-to-date (YTD) basis, it has climbed 35.92 per cent, highlighting its consistent upward momentum and strong investor returns.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
