CNBC-TV18 had highlighted an Investec Report which downgraded BSE stock.
Investec had downgraded BSE to ‘sell’ from ‘hold’ with a target price of Rs 1,720. BSE today fired back claiming errors in their report.
BSE is claiming is that the stake that BSE owns in CDSL, they own 20 percent stake in CDSL and that is wrongly been valued, which is resulting in a wrong target price, and hence, the recommendation seems to be quite wrong.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.