Goldman Sachs Unit Buys Stake Worth Rs 401 Crore In BSE
Goldman Sachs (Singapore) PTE has bought a stake worth Rs 401.192 crore in BSE Ltd. in a bulk deal on the National Stock Exchange on Wednesday.
The firm has mopped up 7.28 lakh shares, or a 0.53% equity stake, in the stock exchange platform for Rs 5504.42 apiece.
The most recent bulk deal happened on Nov. 25, 2024, when UBS Principal Capital Asia sold 14.08 lakh shares for Rs 4670 each.
BSE Q3 EarningsÂ
Asia's oldest stock exchange, BSE, reported a 37% sequential slump in its bottom line while revenue increased 4% during the same period.
The operational earnings before interest, taxes, depreciation, and amortisation also fell as the company's contribution to a guarantee fund increased to Rs 199 crore in the quarter ended Dec. 31.
Clearing corporations manage the core settlement guarantee fund to enable timely transaction settlement. It is used to meet the obligations of a clearing member who has failed to settle on time.
Operating Ebitda fell 39% in the quarter after accounting for the contribution to the core SGF, but its margin against the top line increased to 31% from 52% in the September quarter.
BSE Q3 FY25 Highlights (Consolidated, QoQ)
Revenue rose 4% to Rs 774 crore versus Rs 746 crore.
Operating Ebitda fell 39% to Rs 237 crore vs Rs 389 crore.
Operating Ebitda margin fell to 31% vs 52%.
Net profit fell 37% to Rs 220 crore versus Rs 347 crore.
Contribution to core SGF rose to Rs 199 crore versus Rs 19 lakh.
BSE Share Price
Shares of the company closed 8.58% higherat Rs 5,631 per share, compared to an 0.05% decline in the NSE Nifty 50. It has risen 144.33% in the last 12 months.
Eight out of the 11 analysts tracking the securities exchange have a 'buy' rating on the stock, two recommend a 'hold' and one suggests a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 6295.10, implying an upside of 11.8%.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
