Hold, TP Rs 5250
This may abate concerns around BSE's potential loss of mkt share & impact on EPS
Clarity on OI limits is awaited but impact of that is lower for BSE
Stock has retraced majority of its fall, but lower reg. risks & better mkts can aid re-rating
SEBI has proposed that exchanges should stay with F&O expiry on Tuesday & Thursday.
This may mean that NSE reverts to expiry on Thursday (from Monday) & BSE stays with Tuesday expiry.