Motilal Oswal Predicts Groww Shares Could Soar 67% by FY28

• Motilal Oswal initiated 'buy' coverage on Groww's parent, Billionbrains Garage Ventures Ltd., with a base target of ₹185.
• Bull case projection sees Groww shares jumping 67% to ₹260 by FY28, citing strong growth potential.
• Groww is India's largest retail broking platform, diversifying into commodities and wealth management.
• Brokerage expects Groww's EBITDA margin to expand to 66% by FY28 from 59% currently.
• Groww's revenue, EBITDA, and PAT are projected to grow at 25-30% CAGR from FY25-28.

Why It Matters: Motilal Oswal predicts Groww shares could jump 67% by FY28, driven by diversification and market leadership.