Beyond Broking: Kotak reveals the ‘hidden moat’ that could drive Groww shares 20% higher
Kotak Equity Research gives Groww a 'Buy' rating and a target price of Rs 190, expecting a 20% rally in 12 months. Groww's organic acquisition engine, tech focus, and diversified revenue streams give it an edge. The company is poised for profitable growth with a projected 20% revenue CAGR and expanding margins. However, market cyclicality and regulatory headwinds pose risks.