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Jefferies' 25% CAGR club: Paytm, Groww among 5 financial stocks that can deliver up to 25% returns

Economic Times Markets
Jefferies' 25% CAGR club: Paytm, Groww among 5 financial stocks that can deliver up to 25% returns
Economic Times Markets

Jefferies has identified Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp as its 25% CAGR club of Indian financial stocks. The brokerage expects strong earnings and revenue growth over FY26-29, supported by scale, new business initiatives and operating leverage, while maintaining Buy calls on all five stocks.

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Quote of the day by Dean Williams: "Expertise is great, but it has a bad side effect. It tends to create an inability to accept new ideas"

Expertise can sharpen judgment but also create resistance to new ideas. For investors, relying too heavily on established beliefs can obscure market realities. Staying curious, testing assumptions and welcoming contradictory evidence helps investors adapt, reconsider decisions and avoid costly overconfidence.

Source: Economic Times Markets

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