“Bullish on Groww's parent, Billionbrains Garage Ventures, with a 'Buy' rating and a target price of ₹240 per share, indicating nearly 20% upside from its previous close of ₹200.24. The firm expects Groww to benefit from resolved CAS issues, driving a 30% PAT CAGR over FY26-29 through 18% broking business growth, client vintage, market share gains, new initiatives like margin trading and wealth management, and a 10-percentage-point margin expansion. US stock additions in FY27 could contribute 5-9% to FY28 earnings.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%