Nuvama has initiated coverage on BSE with a 'Buy' rating and a target price of ₹6,730 per share. The brokerage forecasts a revenue growth of 39.9% and an annualized profit after tax (APAT) compound annual growth rate (CAGR) of 70.8% from FY24 to FY27. This growth is anticipated to be supported by a reduction in clearing charges and a strong return on equity (RoE) of 37.9%. Additionally, Nuvama predicts that BSE shares have the potential for a 24% upside as they expect to overcome regulatory hurdles. In related market activity, shares of BSE rose by 6.5% following the announcement of the coverage initiation.