Groww Shares Surge 7% to Record High Following BofA's 'Buy' Rating
Groww share price rallies 7% to all-time high after brokerage BofA gives ‘buy’ rating. Do you own?
Mint
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Shares of Billionbrains Garage Ventures, the parent company of Groww, rose over 7% to ₹208.36 following a 'Buy' rating from Bank of America Securities (BofA), which set a price target of ₹235. The brokerage anticipates a revenue growth of 30% CAGR from FY26 to FY28.
- 01Groww shares increased by over 7% to ₹208.36 after BofA's 'Buy' rating.
- 02BofA set a price target of ₹235, indicating a potential upside of 21%.
- 03The brokerage expects a revenue CAGR of 30% from FY26 to FY28.
- 04EBITDA and PAT margins are projected to improve to 67% and 52% by FY28.
- 05Groww has delivered 14.21% returns in the past week and over 33% in the last month.
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Shares of Billionbrains Garage Ventures, which owns the discount broking platform Groww, surged 7% to a record high of ₹208.36 during Wednesday's trading session. This increase followed a 'Buy' rating from Bank of America Securities (BofA), which set a price target of ₹235, suggesting a potential upside of 21% from the last closing price of ₹194.71. BofA highlighted Groww's strong position to capitalize on India's retail investing momentum, projecting a 30% compound annual growth rate (CAGR) in revenue from FY26 to FY28. The brokerage also anticipates improvements in EBITDA and PAT margins to 67% and 52%, respectively, by FY28. Groww's shares have shown significant growth since its listing in November 2025, with a 32.41% increase year-to-date and 33% in the last month. Investors are advised to consult certified experts before making investment decisions.
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The surge in Groww's share price reflects growing investor confidence in the company's profitability and growth potential, which could lead to increased market participation in retail investing.
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More about Billionbrains Garage Ventures
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BofA Securities Gives 'Buy' Rating to Groww, Shares Hit Record High
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