Latest Punit Bahlani News & Updates

National Stock Exchange of India Receives ‘Sell’ Recommendation Ahead of IPO

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Mumbai, July 17 (IANS) The National Stock Exchange of India (NSE) has received a ‘sell’ recommendation from a domestic brokerage ahead of its much-anticipated initial public offering (IPO), with Dolat Capital Markets warning that regulatory changes in the country’s derivatives market could weigh on the exchange’s future growth and valuations.In an initiation report, Dolat Capital assigned a target price of Rs 1,550 for NSE, nearly 26 per cent below its prevailing unlisted market price of around …