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Groww Stock Soars Near 52-Week High on Heavy Trading
10 Apr
Summary
- Groww shares surged over 5% to an intraday high of ₹196.87.
- Trading volumes were heavy, with 30 million equity shares traded.
- Analysts recommend buying Groww stock with a target of ₹220.
Billionbrains Garage Ventures (Groww) saw its stock price jump over 5% on the National Stock Exchange (NSE), reaching an intraday high of ₹196.87 on April 10, 2026. This surge occurred amidst robust trading activity, with approximately 30 million equity shares exchanged on both the NSE and BSE. The stock is trading close to its 52-week high of ₹197.48.
Analysts are optimistic about Groww's prospects, noting a bullish trend and a breakout from a consolidation phase. Rajesh Palviya from Axis Securities suggests a target of ₹220, provided the stock stays above ₹185, with a stop loss at ₹180. Ruchit Jain of Motilal Oswal Financial Services also sees potential for a rally towards ₹212, highlighting a consolidation breakout on the daily chart and a positive RSI indicator.
In the December 2025 quarter (Q3FY26), Groww reported a net profit decline of 28% year-on-year to ₹547 crore, but total revenue increased by 26% year-on-year to ₹1,261 crore. The company's transacting user base grew 25% year-on-year to over 2 crore, and active users increased by 7.5% quarter-on-quarter.
