Groww Share Price Jumps Nearly 13% After Jefferies Buy Rating; Calls India’s Robinhood with 35% CAGR Potential

Shares of Billionbrains Garage Ventures, the parent company of online brokerage platform Groww, surged over 12% on 19 December 2025 following the initiation of coverage by global brokerage Jefferies with a "buy" rating. Jefferies highlighted Groww's potential to become India's equivalent of Robinhood, citing its scalable, product-led model and strong client traction.

Groww Stock Gains Over 12% After Jefferies Buy Rating, Calls It India's Robinhood

In a note dated 19 December, Jefferies analysts Supratim Datta, Prakhar Sharma, and Satvik Karabar observed that Groww's product velocity mirrors that of Robinhood Markets Inc., the largest online broker in the US. "Groww trades at a 30% discount to Robinhood despite demonstrating better growth," the analysts noted, adding that the platform's higher margins and lower reliance on futures and options (F&O) exposure make it attractive compared to domestic peers such as Angel One.

Billionbrains Garage Ventures (Groww) Share Price Today

Shares of Billionbrains Garage Ventures Ltd (NSE: GROWW) surged 12.71%, rising Rs 18.31 to trade at Rs 162.42 on 19 December 2025, as of 1:26 pm. The stock opened at Rs 145.30, touched an intraday high of Rs 163.00 and a low of Rs 143.52. Over the past 52 weeks, Billionbrains Garage Ventures shares have recorded a high of Rs 193.80 and a low of Rs 112.00.

Jefferies Predicts 35% CAGR for Groww, Recommends Buy Despite Regulatory Challenges; Check Target Price

Jefferies estimates that Groww, India's largest retail broker by active clients, will achieve earnings growth of around 35% annually over the next three years. The brokerage emphasized that growth will be driven by new product launches and improved profitability, though it also cautioned that regulatory and technology risks remain key considerations for investors.

The brokerage set a target price of Rs 180 for Billionbrains Garage Ventures, suggesting a potential upside of 26% from its last closing price. This target implies a valuation of 33 times estimated December 2027 earnings, which, according to Jefferies, still represents a discount relative to Robinhood despite similar strategic direction and margin prospects.

Groww VS Angel One

Currently, Groww trades at approximately 27 times estimated December 2027 earnings, representing roughly a 30% valuation discount to Robinhood. Jefferies also assigns a premium to Groww over domestic rival Angel One due to faster expected growth, stronger margins, and a more conservative approach toward F&O trading. Market share data indicates that Groww holds 26% of India's active client base, compared to 16% for Angel One, India's second-largest retail broker.

Jefferies warned that potential risks to its investment thesis include regulatory changes, intensifying competition, and cybersecurity threats. The brokerage stressed that successful execution in newer business areas such as margin trading, wealth management, and lending against securities will be critical for the stock to achieve further re-rating and to narrow the valuation gap with Robinhood.

Overall, Jefferies expects Groww to sustain strong growth in its core broking operations while expanding into new products.

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