This multibagger stock surges 130% in six months, 384% in one year; do you own it?

Do you know that BSE Ltd, the owner and the operator of Bombay Stock Exchange, is listed on a domestic bourse? The share of BSE, Asia’s oldest stock exchange operator, is listed on the rival exchange NSE, due to market regulator SEBI’s regulations restricting exchanges from self-listing their stocks.

For BSE, the country’s largest stock exchange by number of companies listed, the last one year had been a remarkable journey, with stock price gaining as much as 384% during this period. Despite wild volatility in the broader market, the company has delivered consistent returns throughout the year, thanks to robust earnings and record growth in registered user.

With a market capitalisation of ₹12,861 crore, the stock currently trades higher than 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the last 12 trading sessions, the stock price surged 53%, while it has rallied 48% since the beginning of the year 2022. In the last six months, BSE Ltd share price jumped 130% in contrast to a 4.4% fall in benchmark index Sensex.

On Friday, shares of BSE Ltd gained as much as 9.5% to hit a 52-week high of ₹2,868 on the National Stock Exchange (NSE) amid a surge in volume trade. The delivery volume surged to 15.16 lakh on March 10, up 642.81% as against the 5-day average volume.

The exchange had sought a clarification from the company regarding significant movement of the share price. BSE in a reply to the exchange said, “There is no information about the company which warrants disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.”

“We further request you to note that since the equity shares of the company are freely traded on the stock exchange, the company will not be in a position to comment on the movement in the price of the equity shares of the company,” it added.

The stock has been in an upbeat mood after its board recommended issue of bonus shares during the third quarter earnings review on February 8, 2022. The board of directors of the company proposed to issue two bonus equity shares of ₹2 each fully paid up for every one current equity share of ₹2 each fully paid up. The company has fixed March 22, 2022, as the record date for determining the eligibility for allotment of bonus equity shares. As per the latest shareholding pattern available on the NSE, there is no promoter of the company and public shareholders own a 72.99% stake in the company as on December 31, 2021.

For the October-December quarter of the current fiscal (Q3FY22), BSE posted an 86% year-on-year (YoY) rise in its consolidated net profit to ₹58.6 crore. The revenues from operations surged 60% YoY to ₹192.7 crore during the quarter under review, driven by a spurt in average daily turnover (ADTV) in the equity cash and currency derivatives segments.