BSE shares drop 3% after second downgrade in two days. Nuvama lists CAS among 3 key headwinds

BSE extends losses for 2nd day as Nuvama downgrades stock after Jefferies, cites CAS as headwind

CAS has reset volumes, with expiry-day decay trading dynamics impaired, said Nuvama

BSE shares drop 3% after second downgrade in two days. Nuvama lists CAS among 3 key headwinds

BSE shares extended their losing streak after Nuvama downgraded the stock to Hold and cut its target price, citing three key concerns: the impact of CAS on trading volumes, tighter bank guarantee norms and limited scope for further market-share gains. Jefferies also recently downgraded the stock, adding to pressure on its earnings outlook.