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Unlisted NSE stock is next multibagger in making: Prabhudas Lilladher
The National Stock Exchange has the potential to become a multibagger stock, boasting a near-monopoly status, 35% plus CAGR in revenues and clean promoters at the helm, says Prabhudas Lilladher. The exchange’s PE ratio stands at 22, versus 50 times for MCX and 37 times for BSE Limited. While the initial public offering remains elusive, the public issue could be launched next year. However, options trading could pose a risk, with close to INR51,000 crore in government revenue generated by the sector. Delayed IPO and a pending Supreme Court case against the NSE are also risks.