Groww: 7 reasons why JP Morgan calls it India’s ‘most lucrative consumer internet’ stock’

JP Morgan has initiated coverage on Billionbrains Garage Ventures, the parent company of stock broking platform Groww, with an Overweight rating and a March 2027 price target of Rs 210 per share, implying roughly 30% upside from its current market price.

The American investment bank calls it the “most lucrative India-listed consumer internet platform” and argues the market is undervaluing a business that combines a discount broker, lending operation and wealth platform inside one ecosystem.