GENERAL26 Sept 2026
After NSE IPO exchange debut, Macquarie calls stock ‘The Dominator’ - here’s why | Check share price target | Stock Market News
NSE, India's largest stock exchange, listed on BSE at ₹1,800 on Thursday, then slipped 1.4% to ₹1,792 on Friday. Macquarie started coverage with an Outperform rating and a ₹1,965 target, calling NSE 'The Dominator'. It expects 12% yearly revenue growth till FY30, around 35% return on equity, and rising non-transaction income. Market share may face pressure from BSE competition.
Key Statutory Highlights
- Macquarie began coverage on NSE with an Outperform rating and a target price of ₹1,965, about 10% above its last close of ₹1,792.
- The brokerage expects NSE to deliver a 12% revenue CAGR between FY26 and FY30, with return on equity around 35%.
- Non-transaction revenues are about 21% of NSE's revenue now, and Macquarie expects them to grow at a 13% CAGR through FY30.
Actionable Advice for Taxpayers / Founders:If you are considering NSE shares, treat this as one broker's opinion only, weigh the noted competition risk from BSE, and check your own goals before investing.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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