BSE shares tumble 6% on Jefferies’ downgrade to ‘underperform’ rating

BSE shares tumble 6% on Jefferies’ downgrade to ‘underperform’ rating

On Wednesday, October 16, shares of the Bombay Stock Exchange (BSE), one of the oldest stock exchanges in Asia, dropped 7% during intraday trade to ₹4,419 a share. The stock saw a decrease after a downgrading by international broking Jefferies, which downgraded the stock from ‘hold’ to ‘underperform,’ citing an adverse risk-reward profile going forward. […]

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