BSE shares drop 3% after second downgrade in two days. Nuvama lists CAS among 3 key headwinds
· economictimes.indiatimes.com
BSE shares extended their losing streak after Nuvama downgraded the stock to Hold and cut its target price, citing three key concerns: the impact of CAS on trading volumes, tighter bank guarantee norms and limited scope for further market-share gains. Jefferies also recently downgraded the stock, adding to pressure on its earnings outlook.
Nuvama on BSE share price
1) CAS has reset volumes, impairing expiry-day decay trading dynamics
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2) Bank guarantee norms are second leg
3) Market...