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Groww shares fall 7% after 9-day rally and 23% surge

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GreyOak summary

Groww shares dropped nearly 7% on November 6, 2026, following a nine-session rally that saw the stock surge over 23%. The decline occurred after the stock hit a 52-week high of ₹227 in April 2026. Jefferies maintained a Buy rating but lowered the target price to ₹240, citing limited earnings upside from SEBI's revised CAS framework.

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