Paytm, Groww gain; named in Jefferies Indian financials '25% CAGR Club'

Billionbrains Garage Ventures

11/09/2026 11:01

** Jefferies initiates "25% CAGR Club" theme, naming five Indian financial firms it expects to deliver about 25% annual operating profit growth over next three years
** Brokerage rates Groww BILO.NS, Paytm PAYT.NS, PB Fintech PBFI.NS , AU Small Finance Bank AUFI.NS and Poonawalla Fincorp POON.NS as "Buy", citing strong revenue growth and benefits from operating leverage
** PAYT up 4.5%, BILO 2.1%
** Jefferies sees Groww and Paytm benefiting from expanding customer bases, improved monetisation and new product initiatives
** Brokerage raises Paytm PT to 2,100 rupees from 1,600 rupees
** PBFI gaining from rising insurance penetration and dominant online distribution platform, while AUFI expected to benefit from transition to universal bank model, Jefferies says
** POON to post strong asset-under-management growth driven by expansion in new lending products, with improving profitability and credit costs supporting earnings growth, according to brokerage

(Reporting by Urvi Dugar in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com))