NSE share price: Morgan Stanley, Jefferies, Macquarie, JPMorgan targets post Q2 results
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Top brokerages are positive on National Stock Exchange Ltd after its September quarterly results.
- ✓Morgan Stanley, Jefferies, and JPMorgan set high targets for the stock.
- ✓NSE on Thursday reported a 23 per cent growth in profit.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Today
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Top brokerages are largely positive on National Stock Exchange Ltd (NSE) post India's largest stock exchange's September quarterly results. Morgan Stanley retained 'Overweight on the stock with an unchanged target of Rs 2,315, implying 28 per cent potential upside. Jefferies recommended 'Buy' with a revised target of Rs 2,125 from Rs 2,085 earlier. Macquarie retained its 'Outperform' and a target of Rs 1,975. Also, 360 One Capital Markets suggested 'Buy' with a target of Rs 2,100 apiece.
JPMorgan said NSE's consolidated revenue from operations was 4 per cent ahead of its estimate. Strong expense control resulted in operating Ebitda coming in 5.5 per cent ahead of its estimate. Despite lower other income, profit was 3.5 per cent ahead of its estimate. The brokerage retained 'Buy' and a target of Rs 2,130 on NSE.
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