Economy
Macquarie Initiates NSE Coverage With Outperform Rating and ₹1,965 Target
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THE BRIEF
1
Brokerage firm Macquarie initiated coverage on the National Stock Exchange of India with an 'Outperform' rating and a share price target of ₹1,965.
2
The brokerage cited the exchange's dominant market position, technology infrastructure, deep liquidity, and revenue expansion potential as key growth drivers.
3
Macquarie projected a 12% revenue compound annual growth rate for the exchange between fiscal years 2026 and 2030.