BSE shares jump 4% after Q2 results. Here’s what Bernstein, Motilal, others are saying
BSE shares rose sharply after the exchange reported a 44.9% year-on-year increase in Q2FY27 net profit to Rs 809 crore. Motilal Oswal maintained its Buy rating, Bernstein retained Underperform, while Nuvama continued with Hold. Here's what the three brokerages said about BSE's earnings and growth outlook.
Shares of BSE surged 4% to hit a high of Rs 3,753.6 on Thursday following the company's announcement of a 44.9% year-on-year increase in consolidated net profit to Rs 809.15 crore for Q2FY27. The exchange's revenue grew 34.1% YoY to Rs 1,432.6 crore, with EBITDA rising 42.4% to Rs 984 crore. Transaction charges increased by 42% to Rs 1,127.8 crore.
Analysts from Motilal Oswal, Bernstein, and Nuvama have reacted to BSE's Q2 results. Motilal Oswal has kept a Buy rating on BSE with a target price of Rs 4,200, citing a recovery in derivatives activity. Bernstein has maintained an Underperform rating but raised the target price to Rs 3,180, noting a strong Q2 performance and a return to pre-CAS levels in contracts traded.
Nuvama has retained a Hold rating with a target price of Rs 3,810, citing improving derivatives volumes, the withdrawal of expiry-day CAS, and a recovery in trading volumes.
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