Groww Stock Surges: Jefferies Sets Rs 180 Target, Bullish Outlook After 72% IPO Gain

• Foreign brokerage Jefferies initiated coverage on Groww with a 'Buy' rating and a target price of Rs 180, citing strong business and growth potential.
• Groww's shares have surged 72% since its IPO listing, now trading at almost double its initial price of Rs 100.
• Jefferies highlights Groww's position as India's largest brokerage platform by active clients (26% market share) and expects a 35% EPS CAGR between FY26 and FY28.
• Significant revenue growth opportunities exist through cross-selling high-yield products and new businesses like margin trading, wealth management, and loans against securities.
• Technical charts show bullish reversal signs; a strong close above Rs 175 could push the stock towards Rs 200, according to Choice Broking.

Why It Matters: Groww shares are up 72% post-IPO, with experts bullish on future growth and a Rs 180 target.