Jefferies slashes BSE target price to Rs 2,790 despite robust Q1 results. Here’s what triggered the reduction

BSE shares: Jefferies has cut its target price for BSE shares to ₹2,790 from ₹2,900, citing weak options trading volumes and structural changes in the derivatives segment, despite a 103% YoY jump in Q1 PAT to ₹539 crore. Revenue rose 59% YoY to ₹958 crore, supported by lower clearing costs and higher income.