
In the morning trade on November 13, the BSE stock exhibited a robust climb of more than 6 percent, fueled by stellar performance in the September quarter, leaving analysts optimistic about the stock.
The stock exchange reported a remarkable 303 percent year-on-year surge in net profit, reaching Rs 120 crore, while revenue experienced a substantial 46 percent uptick, totaling Rs 310 crore. Analysts express confidence in the company, citing better-than-expected equity cash volumes and a growing treasury income from clearing and settlement funds.
The board of directors at BSE gave the green light for a fund infusion of Rs 22.36 crore in India International Exchange (IFSC) Ltd (India INX) and an additional Rs 33.88 crore in India International Exchange (IFSC) Ltd, earmarked for the purchase of equity shares through a subscription of rights issue.
As of the latest update, the shares continued their positive momentum, trading 6.16 percent higher at ₹2,257.00.