NSE: BSE

Mid-range Performer

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2479.00 36.20 (1.48%)

101.98% Gain from 52W Low

7.8M NSE Volume

NSE 31 Oct, 2025 3:31 PM (IST)

100,679.4

Market Cap

Market Leader

1.5

Beta 1Year

Very High Volatility

Board Meeting

The next board meeting for BSE Ltd. is on 11 Nov 2025 for the purpose of Quarterly Results See details

BSE Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BSE, BSE Ltd.

BSE Ltd.

25 Oct 2023

2479.00

1.48%

Consolidating on the newly found right to win in derivatives

Accumulate: BSE Ltd.

Recommendation Target

ICICI Securities Limited

Bombay Stock Exchange (BSE) is consolidating on its newly-found traction in equity index options segment. Volume growth has been stellar in Q2FY24 (index options ADTO in Sensex moved from almost 0 in May’23 to INR 26trn in Sep’23) and now pricing has also improved substantially (INR 50/mn of premium turnover in Apr’23 to ~INR 260/mn on weighted basis as per notification in Oct’23).

Institutional Investors have increased holdings from 29.41% to 36.26% in Sep 2025 qtr.

BSE Ltd.

11 Aug 2023

2479.00

1.48%

Derivatives offer business leap possibility

Buy: BSE Ltd.

Recommendation Target

ICICI Securities Limited

Bombay Stock Exchange (BSE) has made notable changes in the rules governing derivative products including contract size and expiry day. This has led to traction in derivatives (INR 4.3trn notional ADTV in Jul’23 from almost nil in Mar’23). The establishment and acceptance of BSE derivatives is our investment thesis.

BSE Ltd. is trading above all available SMAs

BSE Ltd.

09 Aug 2023

2479.00

1.48%

Equity derivatives pick up strongly; upside priced in

Neutral: BSE Ltd.

Target

Motilal Oswal

BSE Ltd. has an average target of 2404.00 from 3 brokers.

BSE Ltd.

10 Jul 2023

2479.00

1.48%

Derivatives gaining traction

Accumulate: BSE Ltd.

ICICI Securities Limited

Bombay Stock Exchange (BSE) has made notable changes in derivative products including contract size and expiry day. This has led to traction in derivatives (Rs1trn ADTV in Jun’23) and could grow further given the small base. Cash volumes and MF platform orders maintain strong momentum.

BSE Ltd. has an average target of 2404.00 from 3 brokers.

BSE Ltd.

03 Aug 2022

2479.00

1.48%

In line revenue, PAT misses our estimate due to a MTM loss

Neutral: BSE Ltd.

Target

Motilal Oswal

BSE Ltd. is trading above all available SMAs

BSE Ltd.

06 Jun 2022

2479.00

1.48%

Multiple growth levers mostly factored into valuations

Neutral: BSE Ltd.

Motilal Oswal

BSE Ltd. is trading above all available SMAs

BSE Ltd.

23 Nov 2021

2479.00

1.48%

BSE LIMITED

Buy: BSE Ltd.

AUM Capital

BSE is India's leading exchange group and has played a prominent role in developing the Indian capital market. It is a corporatized and demutualized entity which provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. It also possesses a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. They also have a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds...

Institutional Investors have increased holdings from 29.41% to 36.26% in Sep 2025 qtr.

BSE Ltd.

13 Nov 2021

2479.00

1.48%

Strong beat led by higher market share

Buy: BSE Ltd.

Target

Motilal Oswal

BSE reported a strong operational revenue growth of 42% YoY in 2QFY22. The revenue beat to our estimate was led by a 15% YoY increase in equity transaction charges on account of strong volumes and market share gains. Revenue from the Star MF platform rose 22% YoY in 1HFY22. Overall volumes (number of orders) saw a 99% YoY increase in 2QFY22. BSE continues to command strong market positioning. The management is open to monetization of the Star MF platform via sale to a strategic investor. BSE saw its market share increase in both the cash equity and derivatives...

BSE Ltd. has gained 21.51% in the last 1 Month

BSE Ltd.

14 May 2021

2479.00

1.48%

Strong operations led by increased market activity

Buy: BSE Ltd.

Target

Motilal Oswal

BSE reported operational revenue growth of 24% YoY in 4QFY21. Growth was led by a 117% YoY increase in equity transaction charges; this was partially offset by revenue decline in Star MF on moderation in realization on the platform. Overall strong market activity led to an 86%/17% YoY increase in transaction charges / services to corporates. A robust increase in margins was the function of operating leverage in the business. The management's decision to explore options to unlock value from its Star MF segment is encouraging; however, no bids have been accepted thus far....

Number of MF schemes increased from 168 to 186 in Sep 2025 qtr.

BSE Ltd.

08 Nov 2020

2479.00

1.48%

Operational beat led by strong market activity

Buy: BSE Ltd.

Target

Motilal Oswal

BSE's 2QFY21 reported revenue was above estimates, largely led higher revenue from services to corporates. Management's decision to explore options to unlock value from its Star MF segment is encouraging. Strong transactional income from the Equity segment was offset by lower revenue in Star MF on one-time rate negotiation. Cross-subsidization by NSE has limited monetization opportunities for BSE in the INX and Commodity Derivatives segments in the near term. While the announced additional income streams may be small currently, some of them have the potential to...

BSE Ltd. has an average target of 2404.00 from 3 brokers.

Is BSE Ltd. worth buying?

1450 Votes:

Buy 77.17%

Sell 11.1%

Hold 11.72%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Hold SEE REPORTS >

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