- BSE’s net income for the fourth quarter was 4.94 billion rupees, significantly higher than the previous year’s 1.07 billion rupees.
- The net income exceeded analyst estimates of 4.1 billion rupees.
- Revenue reached 8.47 billion rupees, marking a 75% increase year-over-year and surpassing the estimated 7.7 billion rupees.
- Total costs were reported at 3.92 billion rupees, which is a decrease of 5.5% from the previous year, although higher than the expected 3.38 billion rupees.
- A dividend of 23 rupees per share was declared.
- The stock outlook includes 12 buys, 2 holds, and no sells.
Bombay Stock Exchange on Smartkarma
Analysts on Smartkarma, like Sudarshan Bhandari, have been closely covering the Bombay Stock Exchange (BSE) and its market dynamics. In one of the research reports, Sudarshan Bhandari discusses how SEBI’s proposal to standardize expiry dates could potentially impact BSE’s market share and liquidity. The proposal suggests Thursdays as the standard expiry date for BSE, while NSE would have Tuesdays. This shift could marginalize BSE’s Tuesday expiry, affecting its trading volumes. Following the post-consultation, NSE had to defer its planned shift to Monday expiry for Nifty contracts, indirectly benefiting BSE from market share erosion.
In another insightful report, Sudarshan Bhandari evaluates the impact of SEBI’s new F&O circular on BSE’s derivatives market. The circular aims to remove weekly option contracts, which is expected to affect BSE’s market share and financial performance. Despite the short-term challenges, the management believes that this initiative will enhance market efficiency and be beneficial for investors. With the removal of weekly contracts, it is anticipated that trading volumes in existing contracts will increase, potentially favoring BSE over NSE in the derivatives market.
A look at Bombay Stock Exchange Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, the Bombay Stock Exchange is projected to have a positive long-term outlook. With high scores in Growth, Resilience, and Momentum, the company is positioned well for future success. The Growth score indicates strong potential for expansion and increasing profitability, while the Resilience score suggests the company’s ability to withstand market fluctuations. Additionally, the Momentum score highlights the company’s current trend of upward performance. Although the Value and Dividend scores are moderate, the overall high ratings in key areas bode well for the Bombay Stock Exchange‘s future performance in the market.
Bombay Stock Exchange Limited, a leading market platform in India, facilitates trading in various financial instruments such as equity, debt, derivatives, and mutual funds. Providing a range of services including risk management, clearing, settlement, and market data services, the company caters to a diverse customer base in the Indian market. The combination of its robust infrastructure and diverse service offerings positions the Bombay Stock Exchange as a key player in the financial market landscape, with the Smartkarma Smart Scores indicating a favorable outlook for its long-term growth and resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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