Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

BSE shares fall 3% despite Q4 profit surge. Should you buy, sell or hold India’s oldest stock exchange?

Published

on

BSE shares fall 3% despite Q4 profit surge. Should you buy, sell or hold India’s oldest stock exchange?
Shares of BSE slipped as much as 3.3% to their day’s low of Rs 3,832 on the NSE even after India’s oldest stock exchange reported a consolidated net profit of Rs 797 crore for the March quarter of FY26, registering a 61% increase from Rs 494 crore in the corresponding period last year.

Revenue for Q4FY26 rose 85% year-on-year (YoY) to Rs 1,564 crore, compared with Rs 847 crore in the same quarter of the previous financial year. On a sequential basis, BSE’s net profit grew 32% from Rs 602 crore reported in Q3FY26, while revenue increased 26% from Rs 1,244 crore recorded in the October-December quarter.

Transaction charges remained the key driver of growth during the quarter. Revenue from transaction charges surged 114% YoY to Rs 1,311 crore, compared with Rs 953 crore in the year-ago period. On a quarter-on-quarter basis, the figure rose 38% from Rs 612 crore in Q3FY26.

For the full financial year FY26, BSE reported consolidated revenue of Rs 5,148 crore. EBITDA stood at Rs 3,393 crore, while EBITDA margin came in at 48%.

Advertisement

BSE share: Should you buy, sell or hold?

Nuvama Institutional Equities has maintained a ‘Buy’ rating on BSE with a target price of Rs 4,570, implying an upside potential of 15%. According to Nuvama, BSE is expected to see a relatively lower impact from the reduction in weekly contract volumes, as discontinued weekly contracts account for 21.3% of its index options premium volumes, compared with 46.9% for NSE.


The brokerage also believes BSE still has significant headroom to expand its derivatives active customer base, which currently stands at 15 lakh-20 lakh monthly users versus around 42 lakh for NSE. In addition, the brokerage expects higher contract sizes to help lower clearing charges, since these charges are linked to the number of contracts cleared.
Management commentary
Management reiterated that increasing participation in monthly contracts remains a key strategic priority for deepening the derivatives market. Monthly contract volumes increased 5x YoY while index futures volumes rose 3x YoY, albeit on a smaller base.
BSE significantly upgraded trading infrastructure capacity, with ICCL now capable of handling nearly 29,000 trades per second per broker and up to 69,000 peak trades with minimal latency. Management stated these upgrades have helped attract both large and smaller participants.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

TAT and Harley-Davidson Showcase Southern Thailand as the Ultimate Motorcycle Touring Destination

Published

on

TAT and Harley-Davidson Showcase Southern Thailand as the Ultimate Motorcycle Touring Destination

The Amazing Thailand x Harley-Davidson Media Fam Trip showcased southern Thailand’s motorcycle touring routes, highlighting local culture, landscapes, and communities, promoting travel as a high-value experience under “Healing is the New Luxury.”

Motorcycle Touring in Southern Thailand

Bangkok, 7 May 2026 – The Tourism Authority of Thailand (TAT) and Harley-Davidson Asia partnered to host the Amazing Thailand x Harley-Davidson Media Fam Trip from 2 to 4 May 2026. This event highlighted Hat Yai, Songkhla, and Phatthalung as unique motorcycling destinations in southern Thailand. Designed under the theme “Unforgettable Experiences: Healing is the New Luxury,” the initiative seeks to elevate motorcycle touring as a premium travel segment.

A Journey through Culture and Scenery

Mr. Nithee Seeprae, TAT Deputy Governor for Marketing Communications, emphasized the trip’s role in promoting southern Thailand’s scenic beauty and cultural diversity. The three-day journey kicked off at Harley-Davidson Hat Yai, engaging executives, media, and influencers. Participants traveled through picturesque routes, exploring local communities, cultural landmarks, and natural attractions. Highlights included Hat Yai Street Art, Songkhla Old Town, and Phatthalung’s Tai Nod Market, showcasing the region’s charm and culinary delights.

Impact and Future Endeavors

The event drew prominent figures like Malaysian actor Elizad Sharifuddin and garnered over 20 million impressions, bolstering awareness of Thailand’s motorcycle routes. A Cars and Coffee gathering at Songkhla Public Park further engaged automotive enthusiasts from across the region. TAT and Harley-Davidson Asia plan to continue their collaboration, focusing on innovative route development and sustainable tourism, aligning with Thailand’s broader travel goals.

Advertisement

Source : TAT and Harley Davidson position southern Thailand as premier motorcycle touring destination

Continue Reading

Business

Rita Saffioti criticises post-budget speech

Published

on

Rita Saffioti criticises post-budget speech

Deputy Premier Rita Saffioti has chastised the editor-in-chief of The West Australian after he delivered a scathing introductory speech at the post-budget breakfast.

Continue Reading

Business

Commerzbank raises 2026 profit target, sets 21% return goal

Published

on


Commerzbank raises 2026 profit target, sets 21% return goal

Continue Reading

Business

Shakti Pumps shares tumble 7% as Q4 profit drops 65% YoY

Published

on

Shakti Pumps shares tumble 7% as Q4 profit drops 65% YoY
Shares of Shakti Pumps tumbled 6.77% to Rs 555.15 during Friday’s trading session after the company reported a sharp decline in profitability for Q4FY26, even as revenue posted healthy growth.

On the operational front, revenue from operations rose 28.9% YoY to Rs 857.8 crore, up from Rs 665.3 crore, indicating strong business momentum. However, rising costs significantly impacted margins.

EBITDA dropped 49.2% to Rs 83.2 crore from Rs 163.9 crore a year ago, while EBITDA margin narrowed sharply to 9.7% from 24.6%, marking a contraction of 14.9 percentage points.

The company’s PAT margin also weakened considerably, falling to 4.5% from 16.6%, down by 12.1 percentage points YoY. Meanwhile, basic EPS slipped 66.3% to Rs 3.1 against Rs 9.2 in the year-ago quarter.

Advertisement

Despite the muted earnings performance, the board recommended a final dividend of Rs 1 per equity share (10% of face value Rs 10 each) for FY26, subject to shareholder approval at the upcoming AGM.


Stock performance and valuation


Shakti Pumps shares have fallen nearly 36% over the past year, with the company’s market capitalisation currently at around Rs 7,347 crore.
At current levels, the stock trades at a P/E ratio of 21.46, a Price-to-Sales ratio of 4.68, and a Price-to-Book ratio of 6.09.
From a technical perspective, the stock’s 14-day RSI stands at 64.2 — approaching overbought territory but still below the 70 mark. The stock also remains under pressure on moving averages, trading below 5 out of 8 key SMAs, signalling a bearish undertone.

Also read: BSE shares fall 3% despite Q4 profit surge. Should you buy, sell or hold India’s oldest stock exchange?

Institutional investors reduce exposure

Institutional sentiment remained weak during the March 2026 quarter. Foreign Institutional Investors (FIIs) reduced their stake in the company from 5.34% to 4.83%, while mutual funds cut holdings from 6.18% to 4.92%, reflecting cautious positioning by large

Advertisement

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Continue Reading

Business

Wealthspire to Acquire $1.2 Billion Indianapolis Investment Advisory Firm

Published

on

Wealthspire to Acquire $1.2 Billion Indianapolis Investment Advisory Firm

Wealthspire to Acquire $1.2 Billion Indianapolis Investment Advisory Firm

Continue Reading

Business

Oil climbs on Gulf clashes as AI drives stocks to weekly rise

Published

on

Oil climbs on Gulf clashes as AI drives stocks to weekly rise


Oil climbs on Gulf clashes as AI drives stocks to weekly rise

Continue Reading

Business

Asara taps investors for $60m

Published

on

Asara taps investors for $60m

Determined to ride momentum on the back of recent appointments, Asara Resources will undertake its second major capital raise in 10 months.

Continue Reading

Business

Mark My Words May 8 2026

Published

on

Mark My Words May 8 2026

Mark Pownall is joined by Gary Adshead, Claire Tyrrell and Tom Zaunmayr to talk about the big events of the week in WA business and politics.

Continue Reading

Business

Realside backs out of $48m Malaga deal

Published

on

Realside backs out of $48m Malaga deal

The national property fund has cited interest rate rises as the main reason for withdrawing from the purchase of a large format retail property.

Continue Reading

Business

World Cup fans in China and India face broadcast uncertainty

Published

on

World Cup fans in China and India face broadcast uncertainty

Broadcasters in the two countries have yet to reach deals with Fifa, just weeks before the tournament is due to start.

Continue Reading

Trending

Copyright © 2025