Rounaq Bakshi

Rounaq Bakshi Welcome! My Name is Rounaq Bakshi and I am a SEBI Registered Research Analyst (INH000022747).
(2)

18/08/2026

JEFFERIES ON BSE | UNDERPERFORM | TARGET ₹2,940

Broker View
- Rating downgraded to Underperform.
- Target price cut 16% to ₹2,940.
- Previous target stood at ₹3,520.
- FY27–29E EPS estimates cut 5–12%.
- Stock trades at 44x one-year-forward EPS.

Key Risks
- Domestic prop traders drive 50% notional turnover.
- STT hike could pressure trading activity.
- RBI bank guarantee norms remain a headwind.
- Closing Auction Session could impact volumes.
- August MTD options ADTO declined 12%.
- Decline versus July indicates near-term weakness.

Market Share
- Consensus expects SENSEX market share gains.
- Expiry-day market share remains similar to NSE.
- Gains outside T+0/T+1 days have slowed.
- Further market-share expansion remains uncertain.

Key Takeaway
- Multiple headwinds could compound earnings pressure.
- Elevated valuation leaves limited room for disappointment.

18/08/2026

Jefferies has downgraded BSE Ltd to 'Underperform' from 'Hold', cutting its price target by 16% to Rs 2,940.

The brokerage warns domestic prop trader revenues face a triple hit: STT hike, RBI's bank guarantee norms, and the new Closing Auction Session.

18/08/2026

CITI ON INDIA STRATEGY

Q1 earnings better than expected, with a decent outlook ahead.

Performance trends remain healthy and broad-based.

Margin pressure seen in Consumer, Industrials & Financials, but outlook remains relatively positive.

Key focus: Demand resilience after GST-cut benefits fade.

Citi remains constructive on Indian equities, as Nifty trades near long-term average valuations.

18/08/2026

No use of chasing hot stocks, at one point it will kick you out by heavy profit booking.

Find undervalued opportunities that can progress upwards even if its going to be slow

18/08/2026

And in Q1 FY27 alone, Lenskart conducted 63 lakh eye tests in India, up around 43% YoY. Peyush Bansal also reiterated something quite interesting in the Q1 call. Roughly 35,000 Indians every single day walk into a Lenskart store and discover for the first time that they cannot see clearly.

18/08/2026

Investors often have a tendency to sell stocks that have gone up while holding on to stocks that have gone down. We enjoy booking profits because it makes us feel smart. But we hate booking losses because it makes us feel that we made a mistake. So we sell our winners too quickly and keep our losers for far too long, hoping that one day they will return to our purchase price

18/08/2026

Last week, the government marked ten years of the Government e-Marketplace (GeM) with a factsheet full of very large numbers. ₹20 lakh crore of cumulative purchases, 25 lakh sellers, more than ~10,000 categories of goods and 350 categories of services

18/08/2026

Corporate India reported 19.4% year-on-year revenue growth in Q1,its strongest in nine quarters. This is driven by automobile, banking, metals, and pharma sectors. However, net profit grew a more modest 11% as rising input costs squeezed operating margins.

18/08/2026

You may choose a relationship that later ends. You may take a career opportunity that does not work out. You may move somewhere and eventually realize it was not right for you. You may make a difficult decision that hurts someone despite having good intentions.

The goal is not to construct a life without regret.

That is impossible.

The goal is to reduce the unnecessary regret created by ignoring what you already knew, refusing to learn, acting carelessly, or repeatedly betraying your own values.

Some regrets will teach you.

Others will simply repeat themselves if you refuse to pay attention.

18/08/2026

Outright Sale - Landmark B+G+10 Hotel Asset in Newtown, Kolkata

We are pleased to present the outright sale of an exceptional, newly constructed hotel building situated in the prime commercial center of Newtown, Kolkata, adjacent to premier landmarks such as Axis Mall, the Berger Head Office, and the Newtown Fire Station.

Property Overview -

Type: Commercial Hotel Building (Block A)

Structure: Basement + Ground + 10 Floors

Land: 31 Kattah (proportionate share)

Ownership: Freehold, Loan-free, HDFC Bank Approved

Completion Certificate: Issued 18th March 2020

Super Built-up Area Approx. 71,170 sq.ft

Banquet

88 semi-finished guest rooms (2nd-10th floors)

Restaurant

Expansive hall (entire 1st floor)

84 covers (ground floor) + 1,000 sq.ft. professional kitchen

Rooms

Parking

25 dedicated car bays

Lifts 3 OTIS elevators (2 guests, 1 service)

Power

625 KVA Cummins DG set, 400 KVA HT load, max 725 KVA

Address

Delhi
110026

Telephone

+917838491131

Website

Alerts

Be the first to know and let us send you an email when Rounaq Bakshi posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Rounaq Bakshi:

Shortcuts

Share

Category