By Rishabh Raj
BSE's share price is touching new highs every day, despite volatility in the overall market. On Wednesday, the stock peaked at Rs. 1,828, rising 7%. In 2023, it has gained as much as 200%.
Revised transaction charges for Sensex Options sparked a surge in demand. Average daily turnover in October 2023 reached Rs. 23,620 crore, up from Rs. 5,620 crore in July 2023.
BSE's reintroduction of Sensex and Bankex derivatives contracts with smaller lot sizes and weekly expirations in May 2023 has also contributed to its stock price surge.
In Q1 FY24 BSE recorded a revenue growth of 15% to Rs. 216 crore, and net profit soaring over 1,000% to Rs. 440 crore due to divestment in its associate company, CDSL.