BusinessPhoto: Mint MarketsJefferies India Sees 29% Upside in NSE Share Price
Jefferies India projects a 29% upside for NSE shares, setting a target price of ₹2,300 in an optimistic scenario. Currently trading near ₹1,777, NSE shares hit a record ₹1,878 on listing day. The report highlights NSE as a hedge against volatility, noting a fourfold increase in direct equity investors since COVID, with penetration at 3% compared to 18% in China. The base case target is ₹2,085, offering 17% returns, while a downside could see shares fall to ₹1,600.
Mint Markets·


