Groww Shares Rally After Kotak Initiates Coverage with 'Buy' Rating and Target Price
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Groww Shares Rally After Kotak Initiates Coverage with 'Buy' Rating and Target Price

Groww's parent company, Billionbrains Garage Ventures, saw its shares rise for a second consecutive session following Kotak Institutional Equities initiating coverage with a 'Buy' rating and a target price of Rs 190. Analysts anticipate strong future earnings growth driven by expansion in areas like marginal trading facility and commodities, alongside improving unit economics and operating leverage. Groww's tech-focused approach and diversification into wealth management and other revenue streams are seen as key strengths supporting projected margin expansion and revenue CAGR.

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