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BSE, CDSL, KFin Tech: Rally in exchange-related stks may halt, say analysts

BSE, CAMS, CDSL, KFin Tech: With market buoyancy to keep up the pace, the long-term view remains robust, but there is likely not much upside in the medium-term after the recent gains, analysts said

BSE, NSE, Sensex, Nifty, stock markets
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Harshita Singh New Delhi

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Swift gains on Dalal Street this year have also led to a sharp surge in shares of equity market intermediaries like depositories, exchanges, and registrar and transfer Agents (RTAs).

The stock prices of BSE, CDSL, CAMS, and KFin Technologies are up 24-283 per cent so far in 2023 when compared to a 9 per cent rise in the benchmark Nifty index.

With the market buoyancy expected to keep up the pace, analysts believe these stocks are a good long-term bet despite the sharp rally, which can trigger an intermittent correction.

Sneha Poddar, associate vice president, retail research at Motilal Oswal

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