The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- The National Stock Exchange listed on the BSE at a price of Rs 1,800 per share, which was a 0.8% premium over its IPO price.
- Shares later climbed more than 5% within the first hour of trading to reach Rs 1,878.
- The company previously raised Rs 22,562 crore through an offer for sale during its initial public offering.
- Analysts remain generally bullish on the long-term outlook for the exchange based on its dominant market position.
What to watch next
- Future performance of NSE shares relative to broker price targets
- Impact of ongoing regulatory changes on trading volumes and index options market share
Who said what3
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Emkay Research
brokerage
1 quote · 1 outlet
“strong profitability and cash generation by MIIs, such as stock exchanges, enable them to globally command higher valuation multiples versus other capital market players that are more fragmented and susceptible to competition.”
In the article
…the business segments of capital markets, and the business model has enough levers to adjust amid changing regulatory and macroeconomic landscapes and deliver profitable growth.Finally, the brokerage highlighted that strong profitability and cash generation by MIIs, such as stock exchanges, enable them to globally command higher valuation multiples versus other capital market players that are more fragmented and susceptible to competition. Read More: NSE shares get ‘The Dominator’ tag as Macquarie initiates coverage with OutperformPL Capital on NSE share pricePL Capital initiated coverage on NSE shares with ‘Accumulate’ rating and a target price of Rs…
PL Capital
brokerage
1 quote · 1 outlet
“Market share in index options has declined to 65% so far in FY27 due to regulatory hurdles, and introduction of CAS and prop trading rules has impacted volumes further”
In the article
…said the stock exchange dominates the exchange landscape with over 93% share in cash market and 100% in stock and index futures, supported by strong liquidity, robust technology and a comprehensive product suite. Market share in index options has declined to 65% so far in FY27 due to regulatory hurdles, and introduction of CAS and prop trading rules has impacted volumes further , PL Capital however noted. “While revenue grew at 25% CAGR in FY21- 26, we build a CAGR of 11% over FY26-29 due to shrinking share in index options. We expect EBITDA margin to recover to 76% by FY29 (vs. 71% in FY26)…
Shivani Nyati
Head of Wealth at Swastika Investmart
1 quote · 1 outlet
“At Rs 1,700–1,785, the IPO is valued at around 40.9x–42.9x FY26 diluted EPS, at a discount to BSE’s 54.28x, offering valuation support.”
In the article
…of 11%,” it added.Swastika Investmart on NSE share price NSE is India’s leading exchange, with a dominant market share across cash and equity derivatives, noted Shivani Nyati, Head of Wealth at Swastika Investmart. At Rs 1,700–1,785, the IPO is valued at around 40.9x–42.9x FY26 diluted EPS, at a discount to BSE’s 54.28x, offering valuation support. However, around 79% of revenue is linked to trading activity, making earnings sensitive to market volumes and regulatory changes, she added. “Our pre-listing view is Subscribe, with minor listing gains expected, but the…
Coverage1
All filed from India
Named India · Bombay Stock Exchange · Emkay Research · Macquarie · National Stock Exchange · PL Capital · Shivani Nyati · Swastika Investmart
The 1 report is listed beside the record.
Corrections and versions
A correction says what was wrong and why. Every earlier headline and brief of this record is kept.
Something wrong?
Say what, and it arrives with this record's address filled in. A correction is welcome.
Ask this story
Answers cite the reports above, or say they can't.