The BSE Ltd board will meet on Sunday, March 30, to debate a proposal for bonus shares. If announced, it will be the stock exchange’s second bonus issue since 2022.
The stock market, which consistently pays dividends, announced a 2:1 bonus in March 2022. It implies that if BSE stockholders previously owned one stock, they received two more shares, increasing their total shareholding to three shares from one.
Latest BSE Share Price Trends & Market Insights
BSE also announced share buybacks twice, in 2019 and 2023.
In terms of dividends, the BSE paid a total of Rs 15 per share in FY24, Rs 12 in FY23, Rs 13.50 in FY22, Rs 21 in FY21, and Rs 17 in FY20. Its dividend yield has dropped in recent years, according to statistics provided by AceEquity.
MOFSL has a ‘Buy’ rating with a target price of Rs 6,900 on the BSE. It stated that despite a steep drop, equities, including the BSE, have risen over the last six months, showing a significant re-rating. On Thursday, the stock was trading 4.96% higher at Rs 4,696.65.
The BSE operates as a securities exchange, allowing the trade of shares, derivatives, debt, and other financial products. The exchange makes money largely from transaction fees, listing fees, and the provision of technical solutions to market participants.
Ventura has begun coverage on the BSE with a ‘Buy’ rating and a target price of Rs 5,422 for the next 24 months. The brokerage business highlighted that BSE, which is selling at 32.1 times the expected FY27 EPS, is reasonably positioned in terms of growth potential. Furthermore, Ventura stated that its financial estimates are significantly cautious, taking into consideration the recent dramatic drop in market volumes.
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