The Bombay Stock Exchange (BSE) shares saw a swing on Wednesday, opening about 1 percent higher despite reporting strong Q1 earnings. The stock traded between ₹3,550 and ₹3,664.10, compared to the previous close of ₹3,618. Management cited a 62 percent year-on-year rise in net profit to ₹873 crore and a 63 percent increase in revenue to ₹1,566 crore for the June quarter.
Brokerages highlighted valuation and volume-related concerns alongside the earnings strength. BSE plans to broaden its product ecosystem and is focusing on new product initiatives like index derivatives and the StAR NPS platform. Analysts have maintained neutral ratings with target prices ranging from ₹3,900 to ₹4,500.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text.
Machine-written — may contain errors; check the original before relying on it.
Abhi Co-Founder & CEO Omair Ansari says the Pakistani fintech group expects to launch an initial public offering of its microlender in early September this year.
For decades, Volker Looman has been telling the Germans what they should do with their money. Which tip would the financial analyst have paid for himself?
