Beyond Broking: Kotak reveals the ‘hidden moat’ that could drive Groww shares 20% higher

Kotak Equity Research initiated coverage on Billionbrains Garage Ventures (Groww) with a ‘Buy’ rating and a target price of Rs 190. The price target implies that the stock has room to rally nearly 20% from current levels over the next 12 months.

Kotak expects Groww to post muted earnings in FY26, but going forward, FY27 and FY28 are likely to see strong growth.