BSE Shares Fall 10% Over Five Days Following Brokerage Downgrades
· Business · Economic Times, Moneycontrol
Shares of the Bombay Stock Exchange dropped 3% on Tuesday to Rs 3,235, marking their lowest level in approximately five months. This decline follows a rating downgrade to 'Hold' by Nuvama, which also reduced its target price for the stock from Rs 4,090 to Rs 3,240. The brokerage cited three primary headwinds for the exchange in FY27, including the impact of the new closing auction session on trading volumes, stricter bank guarantee norms, and limited potential for further market-share growth. This follows a recent downgrade by Jefferies, contributing to a cumulative decline of more than 10% over the last five trading sessions. Data indicates that index option premium volumes have reached their lowest levels since January 2025.
Why it matters
The consecutive downgrades and falling share price reflect growing investor concern over the exchange's trading dynamics and regulatory pressures, directly impacting shareholders and market sentiment regarding BSE's near-term growth prospects.
Read the original report — Economic Times
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