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Founder And CEO Of F...ย โขย 1y
Shares of the Bombay Stock Exchange (BSE), one of Asiaโs oldest stock exchanges, witnessed a 7% drop in intraday trading on Wednesday, October 16, 2024, sliding to โน4,419 per share. The decline followed a downgrade by global brokerage firm Jefferies, which lowered its rating on the stock from โholdโ to โunderperform,โ 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 โน3,500, indicating a potential downside of 21% from its current trading price. Earlier in April 2024, Jefferies had also downgraded BSE from โbuyโ to โhold,โ slightly lowering its price target from โน3,000 to โน2,900 click here to know more financialnews24.com
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