Archive · 19 Dec 2025
Jefferies Initiates Coverage on Groww with Buy
Jefferies, a big finance company, started looking at Groww, an Indian stock trading app.
They think Groww is doing really well, like Robinhood in the US.
Groww has a lot of users and is growing fast.
Jefferies thinks Groww's stock is a good buy and could grow a lot in the next few years.
They think Groww can make more money by adding new things like loans and wealth management.
Groww is also working on making its app better and safer.
Jefferies thinks Groww is a good investment, but there are some risks like rules changing and competition.
Jefferies initiated coverage on Groww with a 'Buy' rating, comparing it to Robinhood.
Groww is India's largest broker by active clients, with a 26% market share.
Jefferies forecasts 35% annual earnings growth for Groww over FY26-28.
Groww's revenue is expected to grow at a 29% CAGR, driven by client assets and cross-selling.
Groww is expanding into new products like margin trading, commodities, and wealth management.
- Who
- Jefferies initiated coverage on Groww, an Indian brokerage platform.
- What
- Jefferies gave Groww a 'Buy' rating, comparing it to Robinhood.
- When
- The coverage was initiated recently, with projections up to FY28.
- Where
- Groww operates in India, and Jefferies is a foreign brokerage.
- Why
- Groww has shown rapid growth and strong market share, with potential for further expansion.
- Company
- Billionbrains Garage Ventures Ltd (Groww)
- Rating
- Buy
- Market Share
- 26%
- Price Target
- Rs 180
- Valuation
- 33 times estimated December 2027 EPS
- Revenue Growth
- 29% CAGR over FY26-28
- Client Assets Growth
- 6-11 times over past three years
- Adjusted Ebitda Margins
- 59% in FY25