Pending — not yet graded
“Bullish on Groww (Billionbrains Garage Ventures) with a price target of ₹240, implying a 24% upside. Jefferies anticipates a 30% PAT CAGR for FY26-29, driven by 18% broking growth from client vintage and market share gains, new initiatives like MTF and wealth management, and a 10 percentage point margin expansion. Adding US stocks in FY27 could boost FY28 earnings by 5-9%.”
Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%
GrowwBullishCalled 11 Sep 2026
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