business
After NSE IPO exchange debut, Macquarie calls stock ‘The Dominator’ - here’s why
Macquarie projects 12% revenue CAGR for NSE from FY26 to FY30, supported by high margins and strong cash generation. The brokerage anticipates significant growth in non-transaction revenues, driven by data and analytics, while expecting a robust return on equity of around 35%.
The National Stock Exchange of India (NSE) has received an Outperform rating from Macquarie, which initiated coverage on the recently listed exchange with a target price of ₹1,965, citing its dominant market position, strong liquidity, technology inf... [5176 chars]
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