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Broker call▲ Bullish for Indian equities
NSE earnings CAGR could grow 15%, says Emkay's Avinash Singh
The brief
- Emkay Global's Avinash Singh projects over 15% long-term earnings CAGR growth for NSE
- Singh calls India's capital markets a multi-year growth story
- Sustained market growth could benefit Indian exchanges and listed-market infrastructure firms
- Buy Petronet LNG; target of Rs 360: Emkay Global Financial
- Gas PSU stock to buy: After 26% returns in 6 months, Emkay Global sees further 16% upside | Target, stop-loss, rationale
- Buy Pearl Global Industries; target of Rs 1400: Emkay Global Financial
- Broker call recommends Dr Lal PathLabs with a ₹2,100 target
- Buy Mahindra Finance; target of Rs 450: Emkay Global Financial
NSE IPO debut, valuation and self-listing plans
NSE’s ₹22,569 crore IPO was subscribed nearly six times, and its shares opened at ₹1,800 before rising to ₹1,845. The exchange has said it is open to self-listing if SEBI permits; analysts have flagged its valuation of ₹4.4 trillion, or 43 times earnings.
Thursday, 24 September
- NSE earnings CAGR could grow 15%, says Emkay's Avinash Singh