{"id":"f-e550251d2f-d4865db4-a006-58dc-b773-1d3f866b28af","title":"Stocks To Buy: Citi finds re-rating potential in two capital market stocks for 32% upside","description":"Citi believes that cross-sell opportunities remain huge for both platforms, aided by a rapidly expanding product portfolio and a large, fast-growing captive customer base.","timestamp":1768370622,"category":"business","headline":"Stocks To Buy: Citi finds re-rating potential in two capital market stocks for 32% upside","modifiedHeadline":"Citi Predicts 32% Upside for 2 Stocks","subCategories":["scid_47bc7b76"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"71","fcSummary":"Citi initiates coverage on Angel One and Groww with a 'Buy' rating, citing their transition to comprehensive financial platforms. Angel One's customer acquisition and Groww's market leadership are key strengths. Success in diversification is crucial for further stock re-rating.","summary":"Citi sees 32% upside in two capital market stocks, citing huge cross-sell potential from expanding products & captive customer base.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-d4865db4-a006-58dc-b773-1d3f866b28af","sourceUrl":"https://www.cnbctv18.com/market/groww-angel-one-shares-to-buy-citi-finds-re-rating-potential-in-two-capital-market-stocks-for-32-pc-upside-ws-l-19820532.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/nXc2hgz7YhA0.webp","content":"Global brokerage Citi has initiated coverage on capital market platforms Angel One and Billionbrains Garage Ventures Ltd., the parent company of trading platform Groww, with a constructive outlook on both stocks.\n\n
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\n Citi has assigned a 'Buy' rating to Angel One with a price target of ₹3,215 per share. The brokerage has also initiated coverage on Groww with a 'Buy' recommendation and a price target of ₹195.\n
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\n The foreign brokerage said that large-scale retail broking platforms are undergoing a transition, evolving from pure-play brokerage-led market proxies to one-stop platforms offering a wide range of financial products.\n
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\n For Angel One, Citi said the company's aggressive customer acquisition strategy and strong execution capabilities, which it believes support its positive stance.\n\n
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\n In the case of Groww, the brokerage pointed to its niche market leadership, customer-first approach and high brand recall, along with a lean business model that drives superior operating efficiencies.\n
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\n Citi added that cross-sell opportunities remain huge for both platforms, aided by a rapidly expanding product portfolio and a large, fast-growing captive customer base.\n
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\n While market volatility and regulatory challenges remain near-term risks, the brokerage said the early stage of Indian capital markets and changing customer behaviour in financial product purchases place these platforms in a favourable position.\n\n
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\n According to Citi, a meaningful re-rating for both stocks will depend on the success of business diversification.\n
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\n Among analysts tracking Angel One, nine have a 'Buy' rating, two recommend 'Hold', and one has a 'Sell' call.\n
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\n All four analysts covering Groww currently have a 'Buy' rating on the stock.","readDurationInMinutes":"3","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Citi initiates 'Buy' ratings for Angel One (₹3,215 target) & Groww (₹195 target).","Platforms evolve into one-stop shops; diversification key to re-rating.","Customer acquisition, brand & lean model drive positive outlook for both."],"tags":["StocksToBuy","Citi","AngelOne","Groww","BillionbrainsGarageVentures","CapitalMarkets","StockAnalysis","InvestmentRecommendations","StockRatings","BuyRating","PriceTarget","FinancialPlatforms","RetailBroking","IndianStockMarket","CrossSelling","CustomerAcquisition","FinancialProducts","MarketVolatility","RegulatoryChallenges","BusinessDiversification"],"consent":true,"redirectionEnabled":false}

Stocks To Buy: Citi finds re-rating potential in two capital market stocks for 32% upside

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