NSE earnings CAGR could grow 15%, says Emkay's Avinash Singh

Emkay Global's Avinash Singh said NSE's earnings compound annual growth rate could exceed 15% over the long term, describing India's capital markets as a multi‑year growth story.
For investors, higher earnings at the exchange translate into stronger cash flows from transaction fees, data services and other ancillary businesses, which can boost the valuation of listed brokers and related financial firms. Singh also noted that BSE has been posting faster recent growth, largely because of its push into index options trading.
Going forward, market participants will be watching trading volumes, the rollout of new products such as derivatives and data‑analytics services, and any regulatory shifts that could affect fee structures or competition between NSE and BSE.
Key takeaways
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.














