India, Dec. 19 -- Stock broking platform Groww's shares rallied as much as 13% during intraday trading today after the new-age tech company received a thumbs up from the brokerage firm Jefferies. The company's shares ended today's trading session 11.76% higher than previous close at INR 161.05.

With the rally today, Groww's market cap zoomed to $11.09 Bn (INR 99,425.77 Cr). This is almost 50% greater than the $7.47 Bn market cap the company commanded at the time of its listing. Since listing in November, the company's shares have zoomed 42% from its listing price of INR 114.

Brokerage firm Jefferies is bullish on the stock's future trajectory, giving it a price target (PT) of INR 180 as well as a 'Buy' rating. The PT represents a 12% up...