Jefferies Initiates 'Buy' on Groww Parent, Shares Could Jump 26%

• Global brokerage firm Jefferies initiated coverage on Billionbrains Garage Ventures, Groww's parent company.
• Jefferies assigned a 'Buy' rating to the company's shares.
• A target price of 180 rupees has been set for the shares.
• This target price suggests a potential upside of up to 26% for the shares.
• The report was released on Friday, December 19.

Why It Matters: Jefferies recommends 'Buy' for Groww's parent, projecting a 26% share price increase to ₹180.