BSE Share Price Rises For Fourth Day; Stock Surges 8% Since Bonus Announcement
Shares of BSE Ltd. extended gains for the second consecutive trading session on Tuesday. The stock has risen 8% since the announcement of bonus share issue in March. The exchange had approved a bonus issue of two shares for every existing equity share held.
BSE's share price jumped over 5% intraday, outperforming the benchmark Nifty 50, which was trading at a 2% hike.
This marks the second instance in three years that BSE has opted to issue bonus shares in this ratio. Back in February 2022, the company had issued an identical bonus issue, providing shareholders with two additional shares for each share they owned.
The specific record date for identifying shareholders eligible for this bonus issue is yet to be announced by the company.
BSE has distributed dividends on 22 occasions in addition to the two bonus share issues.
BSE Share Price Advances
BSE share price advanced 5.37% intraday to Rs 5,948 apiece, the highest since April 3. The scrip was trading 5.35% higher at Rs 5,947 by 11:07 a.m. The benchmark NSE Nifty 50 was up 2.1%.
The stock has risen 112.55% in the last 12 months and 11.13% on a year-to-date basis. The relative strength index was at 66.
Twelve out of 14 analysts tracking BSE have a 'buy' rating on the stock, and two recommend a 'hold', according to Bloomberg data. The average of the 12-month analysts' price target of Rs 6,028 implies a potential upside of 1.4%.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
