BSE shares jump over 4% as Motilal Oswal upgrades stock to Buy. 4 reasons behind bullish call

BSE shares rose sharply on Monday after Motilal Oswal upgraded the stock to Buy with a target price of Rs 4,000, implying 23% upside. The brokerage expects strong derivatives volumes, rising premium turnover, improving cash market participation and operating leverage to drive revenue growth, margin expansion and a 27% profit CAGR through FY28.