Groww parent hits 52-week high after Bank of America target
Billionbrains Garage Ventures, the company behind investment app Groww, just saw its stock hit a 52-week high.
The buzz started when Bank of America Securities gave it a buy rating and set a target price of ₹235, sending shares up more than 6% to ₹207.39 within hours.
Over 79 million Groww shares traded
Trading was intense: more than 79 million shares changed hands by midday, with total traded value hitting ₹16.35 billion and market cap reaching ₹1,30,070 crore.
Bank of America is betting on Groww riding India’s retail investing wave, predicting strong revenue growth (30% CAGR from fiscal 2026 to fiscal 2028) and higher profit margins ahead.
Despite recent market ups and downs, Groww shares have jumped 33% in the last month and are now almost double their IPO price, showing investors are feeling pretty optimistic about what’s next.
Momentum Ahead of Earnings
The rally in the company’s share price comes ahead of its upcoming financial results. The company is scheduled to announce its Q4 and full-year FY26 results on April 20, 2026. Market participants are closely watching the earnings outcome, which could provide further direction to the stock.
Top Mutual Fund Investors
Among institutional investors, several mutual funds have taken significant exposure to the stock during March 2026. The top five funds by highest AUM:
| Fund Name | Amount (in Rs crore) | AUM (in per cent) | No of Shares |
| Edelweiss Small Cap Fund-Reg(G) | 5,107.7 | 0.66 | 22,39,181 |
| Edelweiss Aggressive Hybrid Fund-Reg(G) | 3,308.9 | 0.45 | 10,00,000 |
| Motilal Oswal Nifty Midcap 150 Index Fund-Reg(G) | 2,900.8 | 0.26 | 5,11,316 |
| Nippon India ETF Nifty Midcap 150 | 2,812.7 | 0.27 | 4,97,865 |
| Motilal Oswal Nifty 500 Index Fund-Reg(G) | 2,638.9 | 0.05 | 91,896 |
About Billionbrains Garage Ventures Ltd (Groww)
Billionbrains Garage Ventures Ltd is a direct-to-customer digital investment platform that enables individuals to access a wide range of financial products and services. Through the Groww app and website, customers can invest in and trade stocks, participate in IPOs, and explore instruments such as derivatives, bonds and mutual funds, including offerings from Groww Mutual Fund.
Billionbrains Garage Ventures Ltd Share Price Performance
On Wednesday, Billionbrains Garage Ventures Ltd share price was trading at Rs 205.77, up Rs 11.34 or 5.82 per cent, hitting its all-time high since listing. During the day, the share price made a high of Rs 212.90.
The stock has delivered strong returns to investors, gaining 32.52 per cent over the past month and 32.97 per cent on a year-to-date basis.
Disclaimer: The article is for informational purposes only and not investment advice.
