HighPositive
Announced Thu, 16 Jul · 09:29 IST
Groww shares rally 9% in two sessions after strong Q1 results. Should you buy, sell or hold the stock?
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Groww shares rallied 9% in two sessions after strong Q1 results. Revenue jumped 66% year-on-year to Rs 1,504 crore, net profit grew 7% to Rs 735 crore, and EBITDA surged 101% to Rs 971 crore. JM Financial upgraded the stock to Buy with a target price of Rs 250 (about 15.5% upside), while Motilal Oswal reiterated Buy with an equal target, citing market share gains, improving operating leverage, and a declining cost-to-income ratio of 36%.