Groww Shares Could Jump 67% by FY28, Motilal Oswal Sets Rs 260 Target
Business
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Moneycontrol•06-01-2026, 12:19
Groww Shares Could Jump 67% by FY28, Motilal Oswal Sets Rs 260 Target
- •Motilal Oswal initiates 'Buy' rating on Groww (Billion Brains Garage Ventures) with a base target of Rs 185.
- •Bull case target set at Rs 260 by FY28, projecting a 67% upside from current levels.
- •Groww became India's largest retail broking platform in 4 years, holding 26.8% market share.
- •Diversifying beyond broking into commodities, mutual funds, and wealth management to reduce revenue volatility.
- •EBITDA margin expected to improve from 59% to 66% by FY28, with strong revenue and profit growth.
Why It Matters: Motilal Oswal sees Groww shares surging 67% by FY28 due to strong growth and diversification.
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