Results
Groww Q2 FY27: Brokerages See Up to 35% Upside Amid Diversification Push
This 'Data Shots' piece delves into the Q2 FY27 performance of Groww, the popular Indian fintech app. Following the latest financial results, leading brokerages like Nuvama, Motilal Oswal, ICICI Securities, and Kotak Institutional Equities have revised their Groww share price targets. Analysts are factoring in Groww's ongoing diversification strategy, assessing its impact on the stock's future performance. The story explores the rationale behind these brokerage recommendations and the potential stock price targets, offering insights into the outlook for Groww within the dynamic Indian stock market and the broader fintech stocks India sector. Understand how Groww's strategic moves are influencing market sentiment.
This 'Data Shots' piece delves into the Q2 FY27 performance of Groww, the popular Indian fintech app. Following the latest financial results, leading brokerages like Nuvama, Motilal Oswal, ICICI Securities, and Kotak Institutional Equities have revised their Groww share price targets. Analysts are factoring in Groww's ongoing diversification strategy, assessing its impact on the stock's future performance. The story explores the rationale behind these brokerage recommendations and the potential stock price targets, offering insights into the outlook for Groww within the dynamic Indian stock market and the broader fintech stocks India sector. Understand how Groww's strategic moves are influencing market sentiment.
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Results
Groww Q2 Profit Rises 54% as CAS Pressures Derivatives Revenue
- Groww’s Q2 net profit rose 53.9% year-on-year to ₹724.7 crore, despite a slight quarterly decline
- Equity derivatives revenue fell 14.3% quarter-on-quarter as the new Closing Auction System affected trading
- MTF and commodity trading gained revenue share, helping Groww diversify beyond derivatives
Results
Nestlé India Shares Slide 9% Despite Strong Q2 Profit Growth
- Rising raw material costs and food inflation raised concerns about Nestlé future profit margins
- Despite 36.3% profit growth, investors worried that higher input costs could put pressure on margins
- Persistent inflation may force price hikes, risking consumer demand and weighing on Nestlé's stock