BSE shares notch a fresh all-time high

Shares of the country’s oldest exchange, BSE, in trade on October 27 notched a fresh all-time high of Rs 1,912.8 apiece. The stock in the past five days has climbed 22 per cent, while the benchmark Nifty 50 has shed nearly 2.74 per cent during the same period.

The stock has been gaining ground after institutions such as mutual funds, insurance companies, and verteran investors have shown their confidence in the counter and increased their stake during the quarter ended September 2023.

Quant Mutual Fund – Quant Business Cycle Fund purchased 25,05,616 shares, or 1.9 per cent, stake in the BSE in the September quarter. Furthermore, Tata AIA Life Insurance Company also held a 1.99 per cent stake in the company as of the September quarter.

Besides, ace investor Mukul Agarwal bought a fresh stake in the counter during the recently concluded quarter. The investor purchased 20 lakh shares of the company, which accounts for a 1.5 per cent stake.

Earlier this week, the exchange also revised its transaction charges for Sensex Options that will come into effecr from November 1. The transaction fee for all other equity derivative contracts though remains unchanged.

The stock in one year has given multi-bagger returns to the tune of 210 per cent, while its three-year return is a whopping 1,021 per cent.

In the June-ended quarter, revenue at the company increased year-on-year to Rs 271.2 crore. It was Rs 197.7 crore during the same quarter last year. The jump in revenue was accompanied by a 10-fold increase in net profit to Rs 442 crore during the June quarter.

The company's board meeting is scheduled on November 10 to consider and approve the financial results for the half year ended September 2023.