New Delhi, Jan. 6 -- Billionbrains Garage Ventures, the parent of discount broking platform Groww, rose 3% in intraday deals on Tuesday, January 6, defying the tepid stock market mood after the domestic brokerage Motilal Oswal Financial Services (MOSL) initiated coverage on the stock with a 'buy' tag.

MOSL has pegged the target price for Groww shares at Rs.185, signalling a 19% upside from its last closing price. However, this is below the all-time high of Rs.193.91 that Groww touched in November 2025.

The company was listed on Dalal Street on November 12, 2025, at a premium of 14%, and continued to gain for five days straight.

Groww, which has become the largest retail broking platform within four years of its launch, holds a market s...