Riding on the digitization of Indian capital markets! Jefferies initiates ‘Buy’ on BSE. Sees 24% upside

“The BSE derivatives market share jumped to 14% from less than 1% in the last six month, led by these product launches. Continued growth and improved monetisation will lift the share of derivatives income to 35% of revenues in FY25 as against 2% in 2Q FY24. Derivatives ramp-up is the key driver for recent earnings upgrades and stock performance,” Jefferies said.

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