business π BSE stock downgraded due to regulatory headwinds
Jefferies downgraded BSE Ltd to 'underperform' citing pressure from STT hikes, RBI norms, and CAS. This move saw the brokerage cut its price target by 16% from Rs 3,520 to Rs 2,940. Domestic proprietary traders face losses as options ADTO fell 12% month-on-month in August. The report also flagged concerns over slowing market share gains and a pending management transition. Investors should note the potential downside risk is significant despite fee-based revenue options. π