December 7, 2017 / 5:56 AM / 6 months ago

BUZZ-India's BSE rises; Nomura initiates with 'Neutral'

** Shares of stock exchange co BSE Ltd rise as much as 1.06 pct to 923.5 rupees and were set to break a 2 straight session of losses

** Stock posts biggest intraday pct gain since Nov 13

** Nomura starts coverage on stock with ‘Neutral’ rating, TP of 1,000 rupees

** Says exchange has gradually lost market share in equities, but is diversifying into other segments, such as non-equity classes, depositary/clearning business

** Nomura says expect large part of value for the exchange co to continue coming from non-core segments

** 5 out of 6 analysts have a ‘Buy’ rating on the stock, with one having ‘Hold’ ; median price target of 1,212.50 rupees, according to Thomson Reuters data.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below