BSE Share Price Today: Stock Falls 4.5% After Jefferies Downgrade; Check NEW Target Price

Share of the BSE fell this morning by more than 4.5% after brokerage firm Jefferies downgraded the stock, citing potential risks to revenue from domestic proprietary traders.

BSE shares opened at Rs. 3390 on the NSE, lower than its previous day's closing levels. The stock fell around 4.5% to its intraday low of RS. 3282.92. BSE share price is currently down 25.5% from its 52-week high levels.

At the time of writing, BSE shares were trading at Rs. 3,307.70, up by 4.04%. The current Market Capitalisation of the firm stands at Rs. 1.35 lac crores.

Jefferies Reduces BSE Target Price

Global Brokerage Firm Jefferies has assigned an "Underperform" rating to the stock and has also reduced the target price from Earlier Rs. 3520 per share to the current Rs. 2,940 per share

In its report, Jefferies has cut its FY27-29 estimated earnings per share (EPS) by 5% to 12%, pointing to a noticeable slowdown in BSE's market share gains outside the near-expiry (T-0/T-1) trading days.

On the other hand, MOFSL & PL Capital have allotted a "BUY" on the stock post its positive Q1 beat.

PL Capital in its report said, "We expect opex to remain elevated, driven by continued investments in technology infrastructure and higher clearing & settlement costs linked to rising volumes, which are likely to weigh on EBITDA margins (-37bps for FY27E). We reiterate "Buy" with a multiple of 49x FY28E EPS, which was earlier 50x and a Target Price of Rs. 4,850, which is around 34% up from the current levels."

Similarly, Motilal Oswal Financial Services in its report said, " We have cut our earnings estimates by 9% and 8% for FY27 and FY28 respectively, factoring in higher opex trajectory and extrapolating the weak volume trajectory being witnessed in the past few months. However, we have not baked in any impact from the RBI regulations on proprietary trading. We reiterate our Neutral rating on the stock with a Target Price of Rs. 3,900 per share."

BSE Q1FY27 Results

BSE in its June quarter reported a strong set of numbers, with its board approving the results on August 4th.

The company clocked in a consolidated net profit of Rs 874 crore, a 62% jump from Rs 538 crore in the same quarter last year, as the exchange recorded a surge in derivatives trading volumes.

Revenue from operations rose 63% YoY to Rs 1,566 crore, up from Rs 958 crore in the year-ago quarter. This was mainly because of the 80% jump in transaction charges as trading activity across equity and derivatives segments picked up pace

Including other income, total consolidated income for the quarter stood at Rs 1,707 crore, also up 63% from Rs 1,045 crore a year earlier. On a sequential basis, revenue grew 5% from Rs 1,630 crore in the March 2026 quarter.

EBITDA expanded sharply to Rs 1,210 crore from Rs 704 crore in the year-ago period, with the EBITDA margin improving to 77.1% from 73.6%

Earnings per share for continuing operations came in at Rs 21.22, compared with Rs 12.80 in the same quarter last year.

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