Shares of BSE Ltd. rose over 2% on Monday, nearing its all-time high, building on strong gains from the previous sessions. The stock has increased 2.65% over the past week, reaching an all-time high of Rs 6,595 on April 25.
Since March 30, BSE shares have risen by 17.63%, following the approval and issue of a 2:1 bonus share issue—two shares for every one held.
This marked BSE's second bonus share issue in three years. In February 2022, the exchange issued bonus shares in the same ratio, providing investors with two additional shares for every share held.
Since its listing in 2017, BSE has issued dividends 22 times and bonus shares twice. The stock has seen a strong increase of over 1,708% since its listing.
With the recent 2:1 bonus share issue, a final dividend announcement is anticipated along with the financial results. If approved, this potential dividend will further benefit shareholders this year.
BSE Share Price
The scrip rose as much as 2.76% to Rs 6,477.50 apiece. It pared gains to trade 2.17% higher at Rs 6,440.50 apiece, as of 11:10 a.m.
It has risen 132.40% in the last 12 months. Total traded volume so far in the day stood at 0.6 times its 30-day average. The relative strength index was at 68.
Out of 14 analysts tracking the stock, 12 maintain a 'buy' rating and two recommend a 'hold', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 6.8%.
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