Groww Share Price Rises 7.22% on Mixed Brokerage Calls

Groww is a company that helps people invest in stocks and other financial products.

On the day of the report, its stock price went up by 7.22%.

This happened because two big investment companies had different opinions about Groww.

One company, Jefferies, said they think Groww will do well and set a target price for its stock at ₹180.

Another company, JM Financial, said they think Groww's stock price might go down and set a target price of ₹144.

Groww's stock has been doing well since it started selling stocks to the public, with a 12% premium on its listing day.

However, there are concerns about its revenue growth due to regulatory actions.

Jefferies believes Groww will turn free users into paying ones, while JM Financial expects a 30% fall in broking revenue due to regulatory action.