BSE shares tumble 6% on Jefferies’ downgrade to ‘underperform’ rating
- Posted on October 16, 2024
- By Business News Today
- 5 Views
BSE shares tumble 6% on Jefferies’ downgrade to ‘underperform’ rating
Shares of BSE dropped 6% after Jefferies downgraded the rating to 'underperform' despite hiking the target price. The increased valuation was fueled by market share gain hopes, but Jefferies warned that the risks and over-optimistic assumptions overshadow potential benefits.
