What is driving the recent surge in Groww’s share price? The stock recently hit a record high of Rs 197 during a trading session, reflecting strong investor sentiment.
As of the latest trading, Groww shares were priced at Rs 192.36, marking an increase of 3.05 percent. This uptick follows positive coverage from major brokerages.
JPMorgan has initiated coverage with an ‘Overweight’ rating and set a price target of Rs 210, while UBS has taken a more cautious approach with a ‘Neutral’ rating and a price target of Rs 185.
The backdrop for this price movement includes significant financial performance from Groww. The company’s operating revenue surged nearly 50 percent year-on-year to Rs 3,902 crore in FY25, alongside a profit of Rs 1,824 crore.
However, the first quarter of FY26 has shown a decline, with revenue dropping nearly 10 percent year-on-year to Rs 904.4 crore and profit at Rs 378.36 crore.
Investor sentiment has remained upbeat following recent brokerage initiations, which may have contributed to the stock’s rally. The contrasting ratings from JPMorgan and UBS highlight differing expectations for Groww’s future performance.
As the market continues to react to these developments, the future trajectory of Groww’s share price remains a point of interest for investors. Details remain unconfirmed regarding how the company will navigate the challenges presented in the upcoming quarters.
