NSE: BSE

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2789.00 3.40 (0.12%)

295.60% Gain from 52W Low

3.7M NSE Volume

NSE 25 Jun, 2025 3:31 PM (IST)

113,269.4

Market Cap

Market Leader

1.5

Beta 1Year

Very High Volatility

BSE Ltd. share price target and research reports

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

BSE Ltd.

03 Apr 2018

2789.00

0.12%

BSE: Going anti-tide, pro-value

Buy: BSE Ltd.

Motilal Oswal

BSE has started charging 32 of the 37 asset management companies (AMCs) for services through its mutual fund (MF) platform. This could be an INR150m-200mrevenue opportunity in the next fiscal; however,being the first year, we are currently modeling INR100m revenues from the segment. With ~50% of equity transaction revenues from exclusive segments, dependence one quity transactions where BSE is a distant second to NSE, is <15%. BSE cited that volumes in the exclusively-listed segment are inelastic to transaction charges, and hence, it does not feel the need to reduce the current fee. We note that BSE should be paying out 85%+ of its non-exceptional profits as dividends. And any buybacks like the one currently underway will be over and above the dividends. The combination will keep yields attractive (currently ~5%)

BSE Ltd. has gained 234.95% in the last 1 Year

BSE Ltd.

05 Feb 2018

2789.00

0.12%

Bombay Stock Exchange (3QFY18): Sailing in the right direction. Maintain BUY

Buy: BSE Ltd.

Target

HDFC Securities

We maintain BUY on BSE, and our SoTP for BSE factors in Rs 148/share for CDSL and assigns 25x to Dec-19 earnings (ex-CDSL), which works out to Rs 1,210 (+43% upside). Bombay Stock Exchange Ltd (BSE) posted better-than-expected numbers in 3QFY18, on both the revenue and margin fronts. Revenue was up 12.7% QoQ to Rs 1.26bn (our est. was Rs 1.15bn), led by 24.8% QoQ rise in transaction revenue (35% of rev) and 8.9% QoQ rise in services to corporate (46% of rev). Change in transaction charges to Rs 1.5/trade and robust growth in exclusive listed shares volume (+51% QoQ) led to a rise in transaction revenue. Margin improvement was sharp (+281bps QoQ to 26.8% vs. our est. of 24.2%), led by non-linearity.

BSE Ltd. is trading above all available SMAs

BSE Ltd.

04 Jan 2018

2789.00

0.12%

Light House - A Quick Perspective - BSE Ltd. - 04 January 2018

Buy: BSE Ltd.

Way2Wealth

Transaction revenue from exclusively listed stocks BSE has a monopoly with 12001500 actively traded exclusively listed stocks. Taking advantage of this monopoly, BSE took a steep price hike in FY16 from `125/10mn to `10000/10mn. This led to a sharp jump in the illiquid cash equity revenue which now constitute 50% of total cash equity transaction...

BSE Ltd. has gained 53.53% in the last 6 Months

BSE Ltd.

06 Nov 2017

2789.00

0.12%

Bombay Stock Exchange (2QFY18): Strong operational performance. Maintain BUY

Buy: BSE Ltd.

Target

HDFC Securities

We maintain BUY on BSE, and our SoTP for BSE factors Rs 430/sh from CDSL and assigns 25x to Sep-19 earnings (ex-CDSL), which works out to Rs 1,206 (22% upside from CMP). Bombay Stock Exchange Ltd (BSE) posted better-than-expected numbers in 2QFY18, on both the revenue and margin fronts. Revenue was up 7.9% QoQ to Rs 1.11bn (our est. was Rs 1.06bn), led by 11.3% up-tick in services to corporates (48% of rev) and 10.4% QoQ rise in transaction revenue (32% of rev). Margin improvement was sharp (+797bps QoQ to 23.4% vs. our estimate of 15.7%), led by a cut in tech expenses.

Motilal Oswal released a Neutral report for BSE Ltd. with a price target of 2300.0 on 17 Jun, 2025.

BSE Ltd.

29 Aug 2017

2789.00

0.12%

Bombay Stock Exchange (Initiating Coverage): Bombay renaissance* BUY

Buy: BSE Ltd.

HDFC Securities

At 23/22x FY18/19E earnings (a significant discount to MCX (39/32x FY18/19E EPS) and at par with global averages, BSE merits a BUY. Our SoTP for BSE factors Rs 430/sh from CDSL and assigns 25x to Sep-19 earnings (ex-CDSL) and works out to Rs 1,200 (22% upside from CMP). The Bombay Stock Exchange Ltd (BSE) is Asias oldest stock exchange (estd. 1875 and listed in Feb-17). Long term investors should take cognizance of its recent (if overdue) renaissance under a market savvy management, including its recent listing. With the latest technology platform (6 microsecond response time), BSE claims to be ten times faster than NSE (its much larger competitor).

BSE Ltd. is trading above all available SMAs

BSE Ltd.

23 Jan 2017

2789.00

0.12%

IPO Note - BSE

ipo note: BSE Ltd.

Aditya Birla Money Limited

Motilal Oswal released a Neutral report for BSE Ltd. with a price target of 2300.0 on 17 Jun, 2025.

BSE Ltd.

23 Jan 2017

2789.00

0.12%

IPO Note BSE Limited

IPO Note: BSE Ltd.

IDBI Capital

We believe that BSE Ltd provides good investment option in the form of 1) Right business and 2) Right valuation. Right business: First listed multi-platform stock exchange with strong business model, management, corporate governance, balance sheet and cash flow. Right valuation: We believe that the IPO has been attractively priced with PER of 35x on FY16 reported EPS vs. 56x for Multi Commodity Exchange (MCX IN) and cash per share of Rs512 (64% of issue price). Further, there is likely to be value...

BSE Ltd. has gained 79.74% in the last 3 Months

BSE Ltd.

21 Jan 2017

2789.00

0.12%

IPO Update: BSE Ltd.

IPO Note: BSE Ltd.

Choice India

BSE Ltd. (BSE) own and operate the BSE exchange, the first stock exchange in Asia. At the end of Oct. 2016, the BSE was the world's largest exchange by number of listed companies, and India's largest and the world's 10th largest exchange by market capitalization (MCAP of companies listed on it). The issue is an offer for sale (Rs. 12,418.9 12,434.3mn). The...

Number of MF schemes increased from 136 to 149 in Mar 2025 qtr.

BSE Ltd.

21 Jan 2017

2789.00

0.12%

BSE Ltd owns and operates the BSE exchange platform. With 5,868 companies listed on the main board, it is the largest exchange by number of listed companies. Currently BSE has a 14% market share in the Equity Cash segment. While equity savings in India remains low, with other asset classes becoming less attractive, investor's acceptance o..

BSE Ltd.

Angel Broking

BSE Ltd owns and operates the BSE exchange platform. With 5,868 companies listed on the main board, it is the largest exchange by number of listed companies. Currently BSE has a 14% market share in the Equity Cash segment Wide source of revenues: BSE derives its revenues from transaction charges, depository charges, corporate fees, which account for 13%, 18% and 21% of the revenues respectively. In addition to this, it also earns revenues from data selling and treasury income from clearing and settlement funds accounting for 3% & 5% of the revenues respectively. Combined operating revenues account for ~63% of...

Number of FII/FPI investors increased from 746 to 893 in Mar 2025 qtr.

Is BSE Ltd. worth buying?

1233 Votes:

Buy 76.72%

Sell 11.92%

Hold 11.35%

RESEARCH REPORTS

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