Stocks to buy: Macquarie initiates Outperform rating on these 4 capital market stocks. Do you own any? - Bullish on Markets
· economictimes.indiatimes.com
Macquarie has issued a bullish call on India’s capital market industry and sees a powerful multiyear growth backdrop for market infrastructure firms as capital shifts into financial assets. The international brokerage in its report said Indians save $500 billion annually in financial assets and almost 50% of that is in cash and deposits. It added that this cash pool is ready for market-linked products which will drive a 16% CAGR in India’s combined investment and wealth and exchanges revenue pool over FY26-30. It expects brokers and exchanges to benefit from a larger investor base, rising engagement and broader monetisation across investment products. Here are the capital market stocks it initiated coverage with ‘Outperform’ rating, apart from Angel One on which it has a ‘Neutral’ rating. Bullish on Markets
Macquarie has an ‘Outperform’ rating on the shares of National Stock Exchange (NSE) with a target price of Rs 1,965 apiece, expecting the newly-listed compa...