Bulk Deal: Stock jumps 4% after Goldman Sachs bought stake worth over ₹400 Cr

The shares of the Indian Stock Exchange gained up to 4 percent after a Foreign Institutional investor splashed out on 7,28,855 equity shares of the company via bulk deal.

Price movement

With a market capitalization of Rs 78,288.15 crore, the shares of BSE Ltd were trading at Rs 5,779.95 per share, increasing around 3 percent as compared to the previous closing price of Rs 5,631.00 apiece.

Reason for Rise

The share of BSE Ltd has seen bullish movement after Goldman Sachs (Singapore) PTE, a Foreign Institutional investor splashed out on 7,28,855 equity shares of the company at an average price of Rs 5,504.42 per share, amounting to Rs 401.19 crore.

Financial condition

Looking forward to the company’s financial performance, revenue climbed by 53 percent from Rs 426 crore in Q3FY24 to Rs 832 crore in Q3FY25 but during the same time, net profit shrunk by 260 percent from Rs 106 crore to Rs 219 crore.

Market Dynamics

Increased market volatility persists amid global fragility and geopolitical tensions. The Indian Finance Minister’s budget offers substantial tax relief for the middle class, potentially driving consumption and savings. BSE plans to leverage rising disposable income to boost market participation, fostering a cautiously optimistic outlook.

Also read: Infra stock hits 5% upper circuit after achieving ₹1,000 Cr sales in just 30 days

Business Update

BSE saw 30 new listings in Q3, raising a record ₹95,512 crore, up 261% YoY, with 108 active IPO applications. Average daily turnover in the cash market rose to ₹6,800 crore, while the derivatives segment hit a record daily premium turnover of ₹8,758 crore.

Strategic Focus

BSE is focused on enhancing customer experience and operational efficiency through continuous trading system upgrades to handle higher volumes. It is also actively onboarding more Foreign Portfolio Investors (FPIs) and improving premium quality to strengthen its market position and attract greater investor participation.

Future Outlook

The management recognizes challenges in the Bankex segment, with trading volumes down 95 percent, but is confident in rebuilding liquidity through strategic initiatives. Optimistic about 2025, they remain focused on executing their vision to lead India’s capital markets.

Company Profile

The Bombay Stock Exchange (BSE Ltd) is an Indian stock exchange headquartered on Dalal Street in Mumbai. The Company allows the trading of stock, currencies, debt instruments, derivatives, and mutual funds.

Written by Abhishek SIngh

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