Back to feeds

financialnews

Stealth • 2m

Shares of the Bombay Stock Exchange (BSE), one of Asia’s oldest stock exchanges, witnessed a 7% drop in intraday trading on Wednesday, October 16, 2024, sliding to ₹4,419 per share. The decline followed a downgrade by global brokerage firm Jefferies, which lowered its rating on the stock from ‘hold’ to ‘underperform,’ citing an unfavorable risk-reward ratio in the short term. At the current price, Jefferies believes that the risks outweigh the potential rewards for BSE, with regulatory hurdles like the impact of new market regulations and limited spillover gains posing significant challenges. Despite this, Jefferies raised its target price for BSE to ₹3,500, indicating a potential downside of 21% from its current trading price. Earlier in April 2024, Jefferies had also downgraded BSE from ‘buy’ to ‘hold,’ slightly lowering its price target from ₹3,000 to ₹2,900 click here to know more financialnews24.com

3 replies6 likes
Replies (3)

More like this

Recommendations from Medial

Image Description

Akshay B

Stealth • 10m

1. Are you familiar with the mechanisms that drive automatic changes in stock market prices, particularly on platforms like BSE and NSE? 2. Could you explain the significance of automatic price changes in the BSE and NSE ecosystems, and how they imp

See More
1 replies3 likes

financialnews

Stealth • 1m

Stock Market Correction: Jefferies Highlights Significant Earnings Downgrades, Largest Since Early 2020 Jefferies Highlights Healthy Stock Market Correction and Earnings Downgrades Since 2020 Chris Wood from Jefferies recently emphasized that the c

See More
0 replies3 likes
Image Description
Image Description

Manikanth

Stealth • 18d

Just want to build a stock average trading price tracker, really want to validate this idea.

6 replies3 likes
Image Description
Image Description

Mahendra Lochhab

Stealth • 4m

The Bombay Stock Exchange (BSE), India's first stock exchange, was established in 1875, making the Indian stock market one of the oldest in Asia.

4 replies9 likes
Image Description

Atharva Deshmukh

Stealth • 6m

Got very busy with work,so couldn't post my today's learning but I read about history of BSE,writing here in short. BSE Limited, also known as the Bombay Stock Exchange is an Indian stock exchange which is located on the renowned Dalal Street, also

See More
2 replies5 likes
Image Description

Inactive

Stealth • 6m

New York Stock Exchange (NYSE) experienced a technical glitch on June 3, 2024, which caused a significant drop in the stock prices of several major companies, including Berkshire Hathaway and Barrick Gold. The glitch led to trading halts and unusual

See More
2 replies4 likes
Image Description
Image Description

financialnews

Stealth • 1m

Stock market today: Nifty 50, Sensex fail to hold gains, close flat in volatile trade The Nifty 50 closed the session with a decline of 0.03%, settling at 24,141 points. The S&P BSE Sensex closed 52.51 points, or 0.07%, lower at 79,433.

3 replies3 likes
Image Description
Image Description

Mr sen

Stealth • 12d

Hello Gentleman's I want funded account and trading competition with 4x leverage broker. In India. Till now no such concept has started in India. Yes I am talking about the stock market. Where 90% people lose all their money, I want to do trading com

See More
2 replies3 likes

Atharva Deshmukh

Stealth • 6m

Commonly used Jargons 1)Bull Market:-If you expect the stock prices to go up,you are bullish on the stock price. 2)Bear Market:-If you expect the stock prices to go down,you are bearish on the stock price. 3)Trend:-The term ‘trend’ usually refers

See More
0 replies6 likes

financialnews

Stealth • 1m

Waaree Energies shares make strong debut, list at ₹2,500 on NSE, up 66.3% over IPO price . . Shares of Waaree Energies made a strong on the bourses on Monday, October 28, listing at ₹2,500 on NSE, a premium of 66.33 percent to the issue price of ₹1,5

See More
0 replies6 likes
1

Download the medial app to read full posts, comements and news.