INDIA MARKET LENS
2 outlets◆ MixedQuarterly Results

NSE stock gets thumbs up from Street; here's highest share price target

NSE is in focus in a quarterly results development for FY28.

24 Sept 2026 · Business Today Mkts, LiveMint Markets

The highest target on NSE was set by Asian Markets Securities, which valued India's largest stock exchange at 40 times estimated FY28 earnings per share of Rs 54.

Period
FY28

NSE reported Rs 54 for FY28. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
  • This is a market-wide development — its reach goes beyond any single stock.