Groww Share Soars 12% at 11 AM: Jefferies 'BUY' Call Fuels Rally

• Groww (Billionbrains Garage Ventures Ltd) share surged 12% today, climbing from 140-145 to over 160 rupees by 11:40 AM.
• The sudden rally was triggered by brokerage firm Jefferies initiating a 'BUY' call with a target price of 180 rupees, indicating a 26% upside.
• Jefferies compared Groww to the US app Robinhood, stating Groww is becoming "India's Robinhood" and is now India's largest stockbroker, surpassing Zerodha.
• Groww's success is attributed to its simple app interface, strong connection with young investors, and a digital-first approach.
• Jefferies projects a 35% EPS CAGR (FY26-FY28) and significant growth in brokerage, new business segments, and margins.

Why It Matters: Jefferies' 'BUY' rating and strong growth outlook propelled Groww shares up 12% today.