Jefferies initiates coverage on NSE with ‘Buy’; here’s why it sees fresh growth potential

What happened: Jefferies initiated coverage on NSE with a Buy rating and a target price of Rs 2,085. Key numbers: Target price Rs 2,085, over 17% upside, 15% revenue CAGR expected over FY27 to FY29. Why it matters: The brokerage expects structural growth, market leadership, diversification and new businesses to drive revenue growth and support margin expansion.

Jefferies initiated coverage on NSE with a Buy rating and a target price of Rs 2,085.

The brokerage expects structural growth, market leadership, diversification and new businesses to drive revenue growth and support margin expansion.