Jefferies starts NSE coverage with Buy, Rs 2,085 target
In short
Jefferies has started coverage on NSE with a Buy rating and a target price of Rs 2,085. It says that is more than 17% above the current price.
This matters because the broker expects NSE’s revenue to grow strongly and margins to improve. The report does not say how the market reacted right away.
What the reporting says
Jefferies has initiated coverage on NSE with a Buy rating and a target price of Rs 2,085, which implies more than 17% upside, according to the publisher summary. The brokerage expects structural growth, market leadership, diversification and new businesses to drive a 15% revenue CAGR over FY27-29 and support margin expansion. The immediate market reaction is not stated, and the outlook depends on the brokerage’s assumptions.
Why it matters
Jefferies initiated coverage on NSE with a Buy rating and a Rs 2,085 target price, citing structural growth, market leadership, diversification and new businesses. The brokerage projects a 15% revenue CAGR over FY27-29 and margin expansion, which would support a higher valuation if achieved. The report does not provide the current share price or any company response.