NSE offers gateway to Indian capital market, says Emkay as it starts coverage
BUZZ-NSE offers gateway to Indian capital market, says Emkay as it starts coverage ** National Stock Exchange NSEI.BO offers a gateway to India's capital markets, as market development, growth story has a long runway in the country, says Emkay Global
** Brokerage starts coverage with "buy" and PT of 2,050 rupees, implying a 15% upside
** "We see a strong case for NSEI shares to be part of every India-focussed equity portfolio" - Emkay Global
** Says NSEI's leadership across cash and cash derivatives, rising household savings, record SIP flows augur well for its earnings outlook
** Projects NSEI to clock about 12% revenue CAGR over FY2027-2029 estimates
** NSEI lists at 0.84% premium over issue price on Thursday, rises as much as 5%
** Macquarie, PL Capital and AMSEC start coverage with "outperform", "accumulate" and "buy" ratings
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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