BSE shares experienced a decline of over 4 percent on February 6, a day after the exchange reported a net profit of Rs 106 crore for the quarter ended December 2023, falling short of Street estimates by about 20 percent.
The company management attributed the dent in profit to higher contributions to the Settlement Guarantee Fund (SGF) for the currency derivatives segment.
By 9:50 am, BSE stock was quoting Rs 2,444.85 on the NSE, marking a 4.5 percent decrease from the previous close. Investors rushed to book profits, given the stock’s rally of over 16 percent in the five days leading up to the results. Over the past year, the stock has gained over 390 percent.
As of 11:58 am, the shares were trading 3.05% lower at ₹2,482.85.
