BSE shares dipped despite reporting a 61% surge in March quarter net profit to Rs 797 crore, driven by an 85% revenue increase to Rs 1,564 crore. Transaction charges were the primary growth driver, soaring 114% year-on-year. Nuvama maintains a ‘Buy’ rating, citing BSE’s lower impact from weekly contract reductions and significant headroom for derivatives customer growth.
BSE shares dipped despite reporting a 61% surge in March quarter net profit to Rs 797 crore, driven by an 85% revenue increase to Rs 1,564 crore. Transaction charges were the primary growth driver, soaring 114% year-on-year. Nuvama maintains a ‘Buy’ rating, citing BSE’s lower impact from weekly contract reductions and significant headroom for derivatives customer growth. by Soban News (international And National News)