NSE shares: Jefferies assigns target price of Rs 2300; but look at the downside as well

Jefferies has given a target of Rs 1,600 in a downside projection. Therefore, investors should not decide only by looking at the potential target of Rs 2,300 in the bullish case. It is important to take into account the company's earnings, regulatory changes and the current valuation of the shares.

Kolkata: NSE or National Stock Exchange has been one of the most discussed shares this year. Global brokerage major Jefferies has assigned a target price or Rs 2,300 on the upside and a level of Rs 1,600 in a weakness scenario. Therefore investors should not only be guided by the Rs 2,300 projection. It is important to take into account the company’s earnings, regulatory changes and the current valuation of the shares. NSE’s revenues could be affected by the decline in the market and the decrease in the volume of business.

Jefferies has said that in the event of a recovery in the market, NSE shares can return up to 29% from the current level. Jefferies has given a target price of Rs 2,300 for the stock in a bullish scenario. At the same time, the stock price is expected to reach Rs 2,085 under normal circumstances. However, it could as well slide to Rs 1,600 when market weakness occurs. In this case, it is important for investors to understand the reasons behind the brokerage target.

Jefferies’ target on NSE

Jefferies India........

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