NSE shares gain as Jefferies initiates with Buy rating, sees 16% upside
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓NSE shares gained on Thursday, October 29, after Jefferies started coverage with a Buy rating and a target price of ₹2,085.
- ✓The firm sees a 16% upside for the exchange, driven by strong market leadership and new growth opportunities.
- ✓Shares got a boost, trading 0.7% higher by mid-morning today.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The exchange is poised for strong earnings expansion, driven by diversified revenue streams, structural market growth, and upcoming initiatives that could further lift profitability despite regulatory headwinds. Find out which new business segments will fuel this momentum.
Shares of the National Stock Exchange of India (NSE) were trading in the green on Thursday, October 29, after global investment firm Jefferies initiated coverage on the stock with a 'Buy' rating, citing its market leadership, diversified revenue streams and new growth opportunities.
Jefferies has set a target price of ₹2,085 on the stock, implying an upside of more than 16%.
It expects NSE to deliver a revenue compound annual growth rate (CAGR) of 15% over FY27-FY29, as the exchange navigates regulatory headwinds and benefits from structural growth in India's capital markets.
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