BSE: Jefferies said BSE's cash equities (20 per cent of revenue mix) and mutual fund processing (10 per cent of mix) are steady growth segments (FY20-23 CAGR 27 per cent) riding on macro tailwinds of financialisation of savings.
Jefferies has initiated a buy recommendation for BSE, setting a price target of ₹2,700, indicating an upside of 24 percent. The stock s lower forward P/E ratio compared to other market players suggests a potentially attractive investment opportunity, said the brokerage.