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.
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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%.
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