The stock of BSE Limited is witnessing strong upward momentum, trading at ₹5,687.80 (+4.39%) as of 9:54 AM. Leading brokerages Ambit and Nuvama have initiated buy calls, highlighting robust growth potential and multiple revenue drivers.
Ambit on BSE: ₹7,000 target price
- Ambit has initiated a buy call with a target price of ₹7,000, indicating a potential 23.08% upside from the current price.
- Key highlights:
- Premium growth expected from multiple drivers beyond market penetration.
- Near-term regulatory headwinds could be offset by BSE’s turnaround opportunity.
- The StAR platform is emerging as a cash cow, boosting consistent revenue streams.
- Despite increased tech spending, margins have room to expand.
Nuvama on BSE: ₹6,730 target price
- Nuvama has also issued a buy call with a target price of ₹6,730, implying a 18.30% upside from the current price.
- Key highlights:
- Derivatives business expected to scale up, despite regulatory tightening.
- Forecast FY24-27 revenue and APAT CAGR of 39.9% and 70.8%, respectively, driving RoE to 37.9%.
- Lower clearing charges are projected to enhance margins significantly.
- Multiple revenue streams and a robust structure underpin growth, with the stock trading at FY26/27 P/E of 43.9x/37.6x.
Investor Focus
With its strong fundamentals, multiple growth drivers, and improving margin structure, BSE is gaining significant investor interest. Are you tracking this stock?
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
