BSE shares rallied almost 14% to hit a fresh 52-week high of Rs 3,794 on the back of a spurt in daily volumes.
On the technical side, the company’s stock broke out of a four-and-a-half month-long consolidation phase. The stock rallied on September 16, 2024, as well as by 19%, intraday to Rs 3,459.
The company recorded a net profit of Rs 265 crore in Q1 of FY25, a fall of 40% on year, against Rs 443 reported in the same quarter a year ago. However, the revenue from operations stood at Rs 608 crore, a jump of 181% on year from Rs 216 crore posted in the year-ago quarter.
In FY 24, India’s oldest stock exchange’s net profit soared 253% to Rs 778.39 crore from Rs 220.67 crore posted in FY23. Similarly, the revenue from operations also saw a jump of 70% on year to Rs 1,390 crore in FY24 compared to a year earlier of Rs 815.53 crore.
The stock has given a return of more than 32% in the past five days and has risen 42% in the last month. The stock increased its investors’ wealth by 87% in the last six months. The shares of the bourse increased 4 times in the past year and gave multi-bagger returns to the investors holding the stock for more than five years.
To compare, the benchmark index Sensex has risen 2% in the last five days and 3.5% in the last one month. The index has risen 14.5% in the last six months and over 23% in the past year.