Groww shares rally 13% as Jefferies sees a Robinhood playbook at work, initiates coverage with Buy call

December 19, 2025

Jefferies has initiated coverage on Groww’s parent Billionbrains Garage Ventures with a Buy rating, citing strong client growth, rapid product expansion and margin potential. The brokerage expects robust earnings growth driven by new offerings, operating leverage and a strategy similar to Robinhood’s scalable, product-led model.

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