Shares of Billionbrains Garage Ventures, which owns the discount broking platform Groww, surged 7% to a record high of ₹208.36 during Wednesday's trading session. This increase followed a 'Buy' rating from Bank of America Securities (BofA), which set a price target of ₹235, suggesting a potential upside of 21% from the last closing price of ₹194.71. BofA highlighted Groww's strong position to capitalize on India's retail investing momentum, projecting a 30% compound annual growth rate (CAGR) in revenue from FY26 to FY28. The brokerage also anticipates improvements in EBITDA and PAT margins to 67% and 52%, respectively, by FY28. Groww's shares have shown significant growth since its listing in November 2025, with a 32.41% increase year-to-date and 33% in the last month. Investors are advised to consult certified experts before making investment decisions.