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NSE stock draws rare ‘Sell’ call ahead of long-awaited IPO debut
Dolat Capital has initiated coverage on NSE with a ‘sell rating and a Rs 1,550 target, implying 26% downside from its unlisted-market price. The brokerage expects tighter derivatives regulations, falling options volumes and market-share losses to curb growth, making NSEs rich valuation difficult to justify ahead of its planned $3 billion IPO.
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m.economictimes.com
NSE stock draws rare ‘Sell’ call ahead of long-awaited IPO debut
Dolat Capital has initiated coverage on NSE with a ‘sell rating and a Rs 1,550 target, implying 26% downside from its unlisted-market price. The brokerage expects tighter…
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cryptobriefing.com
National Stock Exchange of India gets rare sell recommendation ahead of record-breaking IPO
Dolat Capital issues a sell rating on National Stock Exchange of India's unlisted shares ahead of the country's largest IPO, valued at nearly $57 billion.