Jefferies has reiterated its underperform rating on BSE, setting a target price of ₹3,500, which implies a 26% potential downside from the current market price (CMP) of ₹4,705.00. Despite BSE’s Q2 earnings expanding 3x YoY due to effective cost control and improved margins, Jefferies remains cautious.
The brokerage firm highlights concerns over the volume impact from SEBI’s new F&O measures, which could affect BSE’s performance. Jefferies continues to view the near-term risk-reward for BSE as unfavorable, citing potential challenges ahead.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult a financial advisor before making any investment decisions.
