BSE Shares Soar Over 6% on Stellar Q3 Results; Brokerages Raise Target Prices

• BSE's Q3 FY2026 results were stellar, with turnover up 30% QoQ and ADNT jumping 28% to ₹210 lakh crore.
• The exchange's operating income rose 16% to ₹1,244 crore, and operating profit increased 13% to ₹778 crore.
• UBS raised BSE's target price to ₹3,650 with a 'buy' rating, citing strong revenue and market share growth.
• Jefferies gave a 'hold' rating, increasing EPS estimates for FY2026-28, with a target price of ₹3,050.
• Nuvama upgraded its target price to ₹3,760 with a 'buy' rating, noting a 29.4% market share in Index Options ADTPV and significant revenue growth.