๐ NSE stock gets fresh coverage from top brokerages
Macquarie and PL Capital have started coverage on the NSE stock following its listing on Thursday. Macquarie gave an 'outperform' rating with a target of Rs 1,965, while PL Capital issued an 'accumulate' rating at Rs 1,950 per share. The NSE stock listed at Rs 1,800, up 0.84 percent from its issue price of Rs 1,785 per share. Macquarie sees 12 percent revenue CAGR for FY26-30E, supported by India's financialisation journey. Both firms believe structural factors justify the stock's valuation going forward.