BSE shares jump 10% as investors cheer solid Q4 earnings show

BSE shares have rallied a massive 26 percent since the start of the year, defying the prevailing negative sentiment among investors.

Shares of Bombay Stock Exchange (BSE) jumped as much as 10 percent to Rs 6,847 in morning trade on May 7 after the company reported a robust set of figures for the fourth quarter.

The company’s revenue grew by 75 percent year-on-year, making it to Rs 846.6 crore, up from Rs 484 crore. In the same quarter of the previous fiscal year, BSE reported a net profit of Rs 107 crore.  According to the consolidated financials, the stock exchange firm's net income in the fourth quarter of the 2024–25 fiscal year jumped 364 percent to Rs 493.04 crore from Rs 106.16 crore in the same quarter the previous year.

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The board declared a total dividend of Rs 23 per equity share, the face value of the same being Rs 2, for the current financial year. This includes a special dividend of Rs 5 and a normal dividend of Rs 18.

With regards to the dividend payable, the company prescribed the final date to determine eligibility of shareholders as May 14, the dividend payout will be carried out on or before September 18.

After the results, Motilal Oswal raised its BSE’s earnings estimates for FY26 by 9 percent and FY27 by 13 percent. The brokerage reiterated its ‘Buy’ rating on the stock with a target price of Rs 7,600 per share. This implies an upside potential of nearly 12 percent from the last closing price.
HDFC Securities, meanwhile, said, "BSE reported a strong quarter, with revenue and PAT coming better than our estimates. The brokerage reiterated its ‘Add’ rating on the stock with a target price of Rs 6,200 apiece," it added.

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Jefferies India raised its earnings estimates by 10–11 percent, citing stronger-than-expected revenues from options trading and improved rack revenues. The brokerage now projects a robust 21 percent compound annual growth in revenue and a 27 percent rise in profit over FY25–28. Justifying the stock’s valuation premium with its superior growth trajectory, Jefferies has maintained its 'Hold' rating, while hiking the target price to Rs 7,000 from Rs 5,250. The revised estimate is based on 40 times the projected earnings for June 2027.

At about 10:45 pm, shares of the company were trading at Rs 6,723, higher by 7.5 percent from the last close on the NSE. BSE shares have rallied a massive 26 percent since the start of the year, defying the prevailing negative sentiment among investors.

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