BSE share price jumps over 5%, extends rally for third day as analysts remain bullish; Should you buy?
Live MintBSE share price jumped over 5% on Wednesday, extending its rally for the third consecutive session after analysts remained bullish on the stock and predicted more upside. November 2024 has impacted industry volumes, BSE has witnessed improvement in premium ADTO at 9% absolute growth in December 2024, premium turnover market share at 15%, and the premium-to-notional turnover ratio at 10 bps last month versus average of 7.3 bps in the previous three months, analysts said. Jefferies Upgrades Foreign brokerage Jefferies has upgraded BSE shares to ‘Hold’ rating and raised the target price to ₹5,250 apiece from ₹3,500 earlier. Nuvama Initiates Coverage Nuvama Institutional Equities initiated coverage on BSE stock with a ‘Buy’ rating and a target price of ₹6,730 per share based on target PE of 50x FY27E EPS plus value of its stake in CDSL, implying an upside of 23.5% from Tuesday’s closing price.