Groww Shares Soar 72% Post-IPO; Jefferies Recommends 'Buy' with Rs 180 Target

• Groww shares surged 72% post-listing, trading near double its IPO price of Rs 100.
• Jefferies initiated a 'Buy' rating, setting a target price of Rs 180, implying a 12% upside.
• The brokerage highlights Groww's rapid growth to become India's largest broker with a 26% market share.
• New initiatives like margin trading and wealth management are expected to drive 20% of revenues by FY28.
• Technical analysis suggests a bullish reversal, with potential upside to Rs 200; accumulate on dips.

Why It Matters: Jefferies recommends 'Buy' on Groww shares, citing strong growth prospects and market leadership.