BSE shares surge 5% after Jefferies upgrades to hold rating, raises target price
Shares of Asia’s oldest stock exchange, BSE Ltd, surged 4.9% on Tuesday to Rs 5,408.95 on the National Stock Exchange (NSE) after brokerage firm Jefferies upgraded its rating on the bourse to βholdβ from βunderweightβ and significantly increased the target price to Rs 5,250 from Rs 3,500 earlier. The upgrade reflects Jefferies’ optimism about potential…
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