Groww shares rally 13% as Jefferies sees a Robinhood playbook at work, initiates coverage with Buy call

Groww shares rally 13% as Jefferies sees a Robinhood playbook at work, initiates coverage with Buy call

Shares of Billionbrains Garage Ventures, the parent of online broker Groww, jumped as much as 13% on Friday to Rs 162.65 on the BSE after Jefferies initiated coverage on the stocks with a ‘buy’ rating, arguing that India’s largest retail brokerage by active clients is following a Robinhood-style playbook that could deliver a 35% compound … Read more

Smallcap tourism stock can rally up to Rs 1,800: Jefferies lists 3 reasons for upside

Smallcap tourism stock can rally up to Rs 1,800: Jefferies lists 3 reasons for upside

International brokerage Jefferies has termed TBO Tek’s latest acquisition a “classic opportunity” to expand its global reach, after the company announced the purchase of Classic Vacations, a US-based luxury travel wholesaler, for about $125 million. The brokerage has raised its price target on the stock to Rs 1,800 from Rs 1,625 and reiterated its Buy … Read more