BSE Share Price Gains Over 2% After ICICI Securities Upgrades Rating To 'Add', Raises Target
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓BSE share price rose over 2% on Wednesday after ICICI Securities upgraded the stock to ‘Add’ and raised its target price to Rs 4,210.
- ✓The stock gained 2.30% to reach Rs 3,904.70.
- ✓Many investors got excited as the company showed strong volume growth across its derivatives and cash platforms.
Story at a Glance
- Category
- Indian Markets
- Reported By
- NDTV Profit
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
BSE share price continued its upward momentum on Wednesday, rising over 2% amid strong buying interest. The stock gained as much as 2.30% to Rs 3,904.70 apiece on the BSE. With Wednesday's gains, BSE share price has rallied more than 20% in 13 trading sessions.
The latest leg of the rally in BSE stock comes after ICICI Securities upgraded its rating on BSE shares to ‘Add' from ‘Hold' and raised its target price to Rs 4,210 from Rs 3,530 earlier. The revised target implies an upside potential of around 10% from the previous session's closing price.
The brokerage remains positive on BSE's volume growth prospects across its derivatives, cash and mutual fund distribution platforms, with derivatives continuing to be its key growth driver.
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