BSE LIMITED up by 5.81 percent | Espresso


Espresso Shot of the Day - BSE LIMITED up by 5.81 percent

December 08, 2021
Espresso Shot of the Day - BSE LIMITED up by 5.81 percent

BSE LIMITED 2058.00  (+5.81%) BSE – INE118H01025 | Dec 08, 2021

Established in 1875, BSE (formerly known as Bombay Stock Exchange), is Asia's first & the fastest Stock Exchange in world with the speed of 6 micro seconds. It is also one of India's leading exchange groups. Over the past 143 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform. Popularly known as BSE, the bourse was established as ‘The Native Share & Stock Brokers' Association’ in 1875. In 2017 BSE become the 1st listed stock exchange of India. Today BSE provides an efficient and transparent market for trading in equity, currencies, debt instruments, derivatives, mutual funds. BSE SME is India’s largest SME platform which has listed over 250 companies and continues to grow at a steady pace. The BSE StAR MF is India’s largest online mutual fund platform which processes over 27 lakh transactions per month and adds almost 2 lakh new SIPs ever month. BSE Bond, the transparent and efficient electronic book mechanism process for private placement of debt securities, is the market leader with more than Rs 2.09 lakh crores of fund raising from 530 issuances. (F.Y. 2017-2018). Keeping in line with the vision of Shri Narendra Modi, Hon’be Prime Minister of India, BSE has launched India INX, India's 1st international exchange which is located at GIFT CITY IFSC in Ahmedabad.

Recent Drivers

  • On Dec 7, 2021, BSE signed an MOU with HBF Direct Ltd to encourage listing of MSMEs across India.
  • On Dec 2, 2021, the NSE did a valuation of BSE due to which the BSE stock is rising. NSE’s valuation is expected to be around Rs 2 trillion.
  • On Nov 26, 2021, the BSE Ltd said its wholly owned subsidiary BSE Administration & Supervision Ltd. (BASL) has received approval from the Securities and Exchange Board of India (SEBI) to act as an accreditation agency for prospective accredited investors.
  • On Nov 24, 2021, the BSE collaborated with the Madurai District Gold and Silver Merchant Association to provide impetus for the growth and development of commodities and the proposed electronic gold receipt (EGR) market in India.
  • On Nov 15, 2021, the company reported that revenue from operations increased by 50.4% to Rs 188.7 crores in Q2 FY22 from Rs 125.4 crores posted in Q2 FY21.
  • On Nov 15, 2021, the company posted a 36.8% rise in consolidated net profit of Rs 63 crores in Q2 FY22 from Rs 46 crores posted in Q2 FY21.
(Sources: Business Standard, Economic Times, Moneycontrol, Livemint)

Technical Force*

  • Nifty Financial Services month till date gain up by 4.28%
  • Traded on all time high value 2109.00
  • 3 months avg. NSE volume: 11,74,172
  • Quantity traded: 45,45,712 | Deliverable quantity: 5,95,560 (13.10%)
  • Stock price has jumped more than 290% from one-year-low level: 535.50 (Mar 25, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 2109.00 | 52-week-low: 535.50

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Some Key Ratios (Source: BSE)

Market Cap:  9,26,600.03 Lakhs

PE: 64.33

OPM%: -

ROE%: -

Promoters holding%: -

Prev. Close:1945.05

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.