NSE Expands Revenue Streams via F&O, GIFT City, and BSE Platforms
What happened
National Stock Exchange (NSE) is expanding its market presence and revenue streams by leveraging commodity Futures and Options (F&O) opportunities and partnerships with GIFT City, while also operating on rival BSE platforms. Jefferies assigned a 'buy' call to NSE, setting a target price of ₹2,085, expecting a 17 per cent upside from the last closing price of ₹1,770.
Why it matters
Jefferies believes easing regulatory headwinds and new growth levers are driving earnings expansion for NSE. The bank expects segment contribution from equity options to decline from 60 per cent of FY26 revenue as new products, such as Electronic Gold Receipts (EGRs) and commodity F&O, scale up.
NSE offers alternative exposure options to funds and brings new stocks into the market ecosystem.