India's BSE up as Jefferies sees no impact from NSE's transaction charge cut

BSEL Algo

13/03/2024 04:28

** Shares of BSE  BSEL.NS  up 3.6% at 2,226.85 rupees; on
track to snap three straight sessions of losses, if gains hold
    ** Jefferies says NSE's transaction charge cut by 1% on
cash, derivatives is part of a periodic exercise, and smaller
quantum signals limited appetite to engage in price wars
    ** Brokerage says BSEL's product pricing and plans to
monetise new products will likely be unaffected; projects about
2.6x jump in earnings through FY24-26, while retaining "buy"
rating, TP at 3,000 rupees
    ** Avg rating of 6 analysts is "buy," median PT is 2,762.50
rupees - LSEG
    ** BSEL down ~1% YTD; stock up 4x in 2023 


 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))