Shares of BSE Ltd. surged 2% to hit a fresh all-time high on Tuesday, building on strong gains from the previous two sessions. The stock had closed 5.96% higher on Monday, and is now up 6.81% over the past three sessions, backed by heavy volumes.
Since March 28, BSE shares have risen 15.41% after National Stock Exchange Ltd. deferred its plan to shift the expiry day for its contracts from Thursday to Monday. This delay came shortly after the Securities and Exchange Board of India released a consultation paper proposing that equity derivative expiries be standardised across exchanges to either Tuesday or Thursday. The regulator said the move would enhance predictability, reduce concentration risk, and support market stability.
Earlier on March 4, the NSE had unexpectedly announced a shift in Nifty weekly contract expiries to Monday, raising concerns around volatility and market behaviour.
On March 30, BSE approved a 2:1 bonus share issue—two shares for every one held. Since then, BSE has ended lower in only five of the past 20 sessions.
BSE Share Price Today
BSE stock rose as much as 1.96% during the day to Rs 6,408 apiece. It was trading 0.58% higher at Rs 6,321.5 apiece, compared to an 0.41% advance in the benchmark Nifty 50 as of 10:46 a.m.
It has risen 121.55% in the last 12 months and 18.56% on a year-to-date basis. The stock's relative strength index stood at 70.97, indicating it's approaching overbought territory.
According to Bloomberg data, 12 out of 14 analysts tracking BSE have a ‘buy' rating, while two suggest ‘hold' and none recommend selling. The 12-month consensus target price is Rs 6,028.42, implying a downside of 4.8% from current levels.
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