Shares of Billionbrains Garage Ventures, the parent company of Groww, climbed by 3.6% to reach a high of ₹203 on the Bombay Stock Exchange (BSE) following the announcement of a 122% year-on-year increase in consolidated net profit for the fourth quarter, totaling ₹686 crore. Revenue from operations also saw substantial growth, rising 87% YoY to ₹1,505 crore, while EBITDA surged 142% to ₹939 crore. This impressive performance was attributed to increased user engagement and trading activity, with total transacting users growing 25% YoY to 2.16 crore. Analysts from Jefferies have maintained a Buy rating on Groww, raising their target price to ₹225, reflecting a potential upside of 15%. Similarly, Motilal Oswal reiterated its Buy rating with a target price of ₹235, indicating a 20% upside. In contrast, JM Financial has a more cautious stance, maintaining a Sell rating with a target price of ₹150, citing concerns over current valuations despite a positive earnings outlook. Overall, the market response to Groww's earnings report highlights strong growth potential amidst a competitive landscape.