BSE Share Price Soars on 20 May 2024 📈💰
बीएसई लिमिटेड, the oldest and largest stock exchange in the world, saw a significant increase in its share price on 20 May 2024. With a surge in the number of orders processed, BSE is now the fourth largest derivatives exchange in the world.
Domestic brokerage SBIC Securities has recommended investing in BSE to investors, citing a fivefold increase in investors’ money in BSE shares over the past year. SBIC Securities has outlined five reasons to consider buying BSE:
- Increased transaction fees primarily driven by strong performance in operated contracts.
- BSE conducted business worth 11.3 billion contracts in the equity derivatives segment, generating revenue of 176 crore rupees.
- The institution has paid 170 crore rupees for the active base compliance regulator fee, of which nearly 96 crore rupees were primarily for FY24.
- BSE has increased transaction fees by 32% to 48% for trades exceeding 3 crore rupees in Bankex and Sensex options.
- SBIC Securities recommends a 12-month investment in BSE Limited shares, setting a target price of 3,231.4 rupees per share. The share could potentially yield returns of up to 15% based on its current price.
Stay tuned for more updates on BSE share price trends and investment opportunities! 💼💹
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
