Groww shares can rise another 20% despite post-listing jump, Kotak projects

SUMMARY

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  • Kotak initiates Groww coverage with a 'Buy', target ₹190, 20% upside.
  • Groww, India's largest broker, seen with 35% EPS CAGR FY26-28.
  • JM Financial gives 'Sell' rating, ₹144 target; valuation stretched.
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