Morgan Stanley and JPMorgan rate India's NSE overweight
Shares of the National Stock Exchange of India have mostly traded below their offering price since the September listing.
By The Carnegie Standard Staff
· 1 min read
Morgan Stanley and JPMorgan Chase & Co. have begun covering shares of the National Stock Exchange of India Ltd. with overweight ratings, Bloomberg reported on November 2.
The two US banks expect the exchange operator to extend its hold on India's capital markets as those markets grow, according to the report. India's 360 ONE Capital Markets Pvt. has also told clients to buy the stock.
The bullish calls come even though NSE shares have largely changed hands below their initial public offering price since the company listed in September 2026, Bloomberg reported.
This story was first reported by Bloomberg.
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