India, Dec. 19 -- Groww has the makings to become India's Robinhood, Jefferies said in a note on Friday, initiating coverage of the newly listed stock with a "buy" rating.

The online brokerage operated by Billionbrains Garage Ventures Ltd. has a product velocity similar to Robinhood Markets Inc.-the largest online broker in the US, Jefferies analysts Supratim Datta, Prakhar Sharma and Satvik Karabar said in a note dated 19 December 2025.

Still, "Groww trades at 30% to Robinhood despite better growth," they said. "We value Groww at a premium to its Indian listed peer Angel One considering the former's higher growth, better margins and lower F&O exposure."

Shares of Groww surged as much as 12.87% to Rs.162.65 apiece on the vote of confid...