BSE Share Price Target, Wealth Creation Pick by Anil Singhvi: The stock market kicked off the trading day on a subdued note, opening in the red amid weak global cues. While the benchmark Sensex was down by 234.50 points to open at 72,597.44, the Nifty slipped 47.95 points to start the session at 22,048.80. Amid this volatility in the market, there's a good opportunity for investors to create wealth in the long run.

Wealth Creation Pick by Anil Singhvi: BSE Ltd

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Zee Business Managing Editor Anil Singhvi has picked BSE Ltd as today's Wealth Creation Pick. The stock has given multibagger return of around 450 per cent in one year and Singhvi said that the stock has strong fundamentals and has the potential to give strong returns in the long term. 

Market guru Anil Singhvi said this is the best proxy play of the Indian capital market and has a diversified revenue model. 

"Along with cash market, futures trading and stake in CDSL, there are many other businesses. It has a good leadership position in the SME space. There is good volume in the currency market also. There is a continuous increase in the market share of option premium turnover. Market share in options was 15 per cent in March, compared to 4 per cent in October," Singhvi said.

Singhvi said earnings are expected to grow 2.5x between FY24-26E. Also, premium turnover is estimated to be Rs 270 lakh crore by FY26 with a 35 per cent average turnover growth.  

He said that the valuation of the company is reasonable. "The stock is trading at 36x FY25e. NSE IPO is expected to be announced soon. When its IPO comes, its benchmarking will be with BSE only. Many people are waiting for an NSE IPO and some people have already bought it in the unlisted market," he added. 

BSE Share Price Target

Singhvi has given targets of Rs 2900 and Rs 3500 for BSE Ltd shares for the duration of one to three years. This share will gradually increase towards Rs 5,000. 

"The simple formula is that the more time you will give to this stock, the better return you will get. After making a high of Rs 2800-2900, this share is now at good levels of around Rs 2200," he said.

Singhvi said that investors must do an SIP on every 10 per cent fall.