Centrum Broking optimistic on NSE IPO despite challenges
after close1 source ↓written by the desknot a recommendation
- closing
- 21 Sep 2023
- valuing NSE
- 38 times FY28 earnings
Centrum Broking’s Vice President, Mohit Mangal, expressed long-term optimism for the National Stock Exchange (NSE) IPO, despite near-term earnings headwinds. The IPO, closing on 21 Sep 2023, is priced at ₹1,785, valuing NSE at 38 times FY28 earnings. Mangal noted that current valuations are comparable to the Bombay Stock Exchange (BSE).
This outlook may influence trader sentiment, as regulatory changes have impacted the IPO's initial appeal, but the long-term potential remains strong.
Not investment advice. For informational purposes only.