Groww shares surge to 52-week high following Bank of America's bullish initiation. BofA Securities assigned a Buy rating with a target price of ₹235, expecting the fintech platform to deliver 30 percent revenue CAGR through FY28. The brokerage projects EBITDA and PAT margins expanding to 67 percent and 52 percent respectively by FY28, driven by operating leverage and India's growing retail investing tailwinds. Shares traded at ₹207.39, up 6.51 percent, with trading volume reaching 790.19 lakh shares. The stock has gained over 33 percent in the past month and approximately 95 percent from its IPO price of ₹100. Seven of nine analysts tracking the company maintain Buy ratings, while JPMorgan previously initiated coverage with an Overweight rating and ₹210 target. The company's market capitalisation stands at approximately ₹1,30,070 crore.
