BSE shares have zoomed over 280% in one year; Jefferies recommends buying the shares. Here is why

Share market information:  Shares of BSE Ltd, previously referred to as Bombay Inventory Trade, have been on a rising spree previously 12 months. The scrip has skyrocketed a whopping 282 per cent between November 28, 2022, and November 24, 2023, and there would not appear to be a saturation level anytime quickly.

World brokerage Jefferies has initiated protection on BSE Ltd with a ‘purchase’ score and has set the goal value of Rs 2,700. In its November 27 report, the brokerage wrote that Indian exchanges are benefiting from the financialisation of financial savings, rising fairness participation (from digitisation of capital markets), progress in equities, product improvements, and secure charges as in comparison with different capital market platforms.

It added that BSE can leverage macro-tailwinds together with headway into derivatives to ship a 150 per cent earnings bounce in FY24E and double it over FY24-26E.

Given these a number of constructive components, the brokerage has given a purchase name and sees a 24 per cent upside from the closing degree of the November 24 session.