Shares of Biilionbrains Garage Ventures, Groww's parent company surged over 6% to hit an all time share price on Friday, April 10 supported by strong volumes.
Groww shares advanced 6.34% intraday, trading at Rs 198.5 apiece on NSE. The scrip was trading 4.41% higher by 1:19 pm. The benchmark NSE Nifty 50 was up 0.96%.
The investor sentiment for Groww shares has reportedly remained positive following recent initiations by brokerages. Last month, JPMorgan initiated 'Overweight' coverage for Groww shares with target price of Rs 210. The brokerage called the firm most lucrative India-listed consumer internet platform, which is a consistent share gainer, while dominating aspirational investors. Groww also has a strong cross-selling credentials that could help it outgrow the market, enjoys strong pricing power and is the cheapest India internet platform with the largest profit pool, the brokerage said.
In Q3FY26, Billionbrains Garage Ventures Ltd reported a double-digit sequential growth in revenue and profit, while the company also announced the sale of Groww AMC.
The stockbroker reported a consolidated top line of Rs 1,216 crore in the October-December period, compared to Rs 1,018 crore in the preceding quarter.
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