Wall Street Rushes in with Bullish Calls on India’s Top Bourse

Morgan Stanley, JP Morgan Overweight on NSE shares, see up to 30% upside potential; Check target price

Morgan Stanley and JPMorgan initiated coverage of NSE with Overweight ratings, citing rising retail investment, market dominance and growth potential. They set price targets of ₹2,315 and ₹2,130, while warning that regulation, weaker activity,competition in index options could constrain returns.

Wall Street brokers rush in with bullish calls on NSE

Morgan Stanley and JPMorgan Chase & Co. have initiated coverage of NSE’s stock with overweight ratings, even as it has mostly traded below its IPO price since listing in September

Wall Street rushes in with bullish calls on India’s top bourse

Wall Street brokerages are turning bullish on NSE, citing its dominant market position and India’s expanding capital markets. Morgan Stanley, JPMorgan and 360 ONE recommend buying the stock, projecting up to 30% upside. Rising investor participation, trading activity and new businesses could drive long-term revenue and earnings growth.

Morgan Stanley, JPMorgan Initiate Coverage On NSE Shares With Overweight Ratings; See Up To 30% Upside

Both brokerages believe NSE is well-positioned to benefit from the growing financialisation of household savings and increasing retail participation in equities.