BSE Shares Tumble 5% After Jefferies Downgrades Stock to 'Underperform'. Here’s Why

BSE shares tumble 5% after Jefferies downgrades stock to 'underperform'. Here’s why

BSE shares fell sharply on Monday after Jefferies downgraded the stock and cut its target price to Rs 2,940, citing risks from proprietary trading activity, STT changes, RBI bank guarantee norms and the Closing Auction Session. The brokerage also lowered earnings estimates, despite BSEs strong Q1FY27 profit and revenue growth.

BSE shares tumble 5% after Jefferies downgrades stock to Underperform. Here’s why

BSE shares fell sharply on Monday after Jefferies downgraded the stock and cut its target price to Rs 2,940, citing risks from proprietary trading activity, STT changes, RBI bank guarantee norms and the Closing Auction Session. The brokerage also lowered earnings estimates, despite BSE’s strong Q1FY27 profit and revenue growth.

BSE Hit By Triple Whammy Of STT, RBI Norms And CAS - Jefferies Sees 16% Downside

Jefferies has downgraded BSE to 'underperform', cuts price target by 16% to Rs 2,940, flags Rs 2,600-3,420 range as options volumes weaken.