IC Buy, TP Rs 6500
Significant share gains in derivative market in last 2 yrs led by index options
Stringent option regulations implemented since Dec24 further boosted market share
SEBI's consultation paper potentially removes uncertainty over expiry days
Strong traction in transaction income from options to continue
With improved premium richness, market share gain in index options & lower settlement cost, Revenue/EBIDTA/PAT CAGR to be 24/34/36 p.c. in FY25-27