Shares of the National Stock Exchange moved upward as trading volume reached approximately 7.81 lakh shares alongside gains in benchmark indices. Kantilal Chhaganlal Securities initiated coverage with a buy recommendation, pointing to the exchange's capital-light model as a key driver of expansion. The brokerage models a 13.5 percent compound annual revenue growth rate spanning fiscal years 2026 through 2029. This follows the company's public listing, which was supported by Kotak Mahindra Capital as the lead book-running manager.
Key points
Brokerage coverage reflects expectations that strong operating leverage will support a 13…: Brokerage coverage reflects expectations that strong operating leverage will support a 13.5 percent compound revenue growth rate through fiscal 2029.
Broad market tailwinds, including revived foreign institutional buying and moderating cru…: Broad market tailwinds, including revived foreign institutional buying and moderating crude oil costs, provided support for trading activity.
The exchange's initial public offering comprised purely an offer for sale that previously…: The exchange's initial public offering comprised purely an offer for sale that previously listed at ₹1,840 per share.
Sources checked by our analysis pipeline: 1
National Stock Exchange (NSE) share price rose nearly a percent in Tuesday's trading session ahead of its July-September quarterly results announcement today.
NSE shares opened at ₹1,786 per share today, as compared to previous close of ₹1,779 on Monday and touched an intraday high of ₹1,794 on 3 November. The stock has jumped over 3% in a month and over 4% in two weeks.
The newly listed stock also witnessed a spurt in its trading volume. According to data available on NSE, around 7.81 lakh shares changed hands during the intraday session on Tuesday.
The stock rally also came in amid positive sentiments on Dalal Street. Indian equity markets opened higher for the second consecutive session on Tuesday, extending their upward momentum as investors drew confidence from improving second-quarter earnings, a return of foreign institutional investors (FIIs) to buying, and a moderation in crude oil prices. The Nifty 50 opened at 23,582.25, advancing 141.45 points or 0.60%, while the BSE Sensex began the session at 76,288.65, gaining 595.87 points or 0.79%.
Shares of VRL Logistics are seeing an upward surge in trading today. Further details explaining the specific catalysts behind the stock's sudden movement have not yet been disclosed.
Market participants are tracking downward movement in CNOOC equity during the current trading session. The energy firm has seen its valuation dip as trading activities unfold. Further market details surrounding the underlying catalysts remain limited within the reported exchange data.
Market participants are tracking downward movement in shares of the energy producer during the current session. The specific drivers and underlying factors responsible for this downward pressure have not yet been disclosed in the current report. Investors are awaiting further details regarding what is influencing this market trend.