Shares of stock exchange operator BSE Ltd surged nearly 8 percent in the early trade on March 21 after brokerage firm Investec upgraded its rating for the scrip to "buy". The firm also assigned a price target of Rs 2,800 for the stock, reflecting an upside potential of around 38 percent from the previous close. ADVERTISEMENT At 10.25 am, BSE was trading at Rs 2,147.95 on the NSE. Strong volumes also supported the upmove as six lakh shares had changed hands on the bourses in the morning, higher than the five lakh shares in the previous session. The brokerage cited strong traction in equity derivatives volumes, expectations of market share gains and stabilisation in metrics as factors driving the upgrade. Follow our live blog for all the market action BSE continued to witness strong traction in equity derivatives volumes while its option market-share jumped three times on quarter to over 15 percent in March, the firm said. You May Like Has Dodge Done it Again? Fully Redesigned 2024 Dodge Ram 1500 Is Finally Here All-New Dodge Ram by TaboolaSponsored Links RELATED STORIES Jupiter Wagons rallies 4% on Rs 271-crore Bonatrans acquisition Jupiter Wagons rallies 4% on Rs 271-crore Bonatrans acquisition Wipro up as Capco gets new CEO but Morgan Stanley retains bearish outlook Wipro up as Capco gets new CEO but Morgan Stanley retains bearish outlook The company managed to reduce clearing charges paid to NSE by 30 percent on quarter on per Rs 10 lakh basis, the brokerage said. Buoyed by the positive signs, Investec anticipates further market share gains for BSE, especially given the rapid scale-up of the BANKEX product. It also expects an improved margin profile in Q4 as metrics stabilise. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. VAIBHAVI RANJAN TAGS: #Brokerage views #BSE #Buzzing Stocks FIRST PUBLISHED: MAR 21, 2024 10:40 AM Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! Amazon CFD: Your Route to a Second Income Great opportunity CPX | Sponsored Born Between 1970-1995? 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