NSE is positioned to gain from increasing retail participation in the capital markets. However, its earnings continue to depend substantially on transaction volumes. NSE’s post-issue price-earnings (P/E) multiple of 42.9 is lower than BSE’s 53, even though NSE holds a dominant position in the market. NSE is positioned to gain from increasing retail participation in the capital markets. However, its earnings continue to depend substantially on transaction volumes. NSE’s post-issue price-earnings (P/E) multiple of 42.9 is lower than BSE’s 53, even though NSE holds a dominant position in the market.
