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BSE shares rally 10% after strong Q4 show; Analysts expect stock to hit ₹7,600 levelsOut of the 14 analysts that have coverage on BSE, 12 of them have a 'Buy' rating on the stock, while two others have a 'Hold' rating. Motilal Oswal has the highest target on the stock at ₹7,600, followed by Nuvama at ₹7,200.By Meghna Sen   May 7, 2025, 12:09:59 PM IST (Published)2 Min ReadShares of BSE Ltd. surged up to 10% to reach an intraday high of ₹6,847.50 during Wednesday morning trade, led by strong March quarter earnings.

The company reported a 10.2% quarter-on-quarter increase in revenue at ₹846.70 crore. The figure was 10% higher than the consensus estimate of ₹768.10 crore. Revenue growth has been being driven by:

% QoQ

Transaction Charges

19.7%

Treasury Income

-8.7%

Services To Corporates

-16.5%

Other Op Income

11.8%

BSE's net profit exceeded estimates, largely led by a reversal from the Settlement Guarantee Fund (SGF). The SGF reversal stood at ₹109.4 crore during the quarter, compared to a contribution of ₹199.2 crore in the previous quarter. As a result, net profit surged to ₹493.7 crore from ₹218.6 crore in the preceding quarter, a sharp 125.8% quarter-on-quarter increase and a 21% beat over consensus estimates.

Operational Metrics:

Q4 FY25

Q3 FY25

% QoQ

Avg. Daily Notional T/O (₹ lakh cr)

83

128

-35.2%

Avg. Daily Premium T/O (₹ cr)

11782.7

8758.4

34.5%

The board of BSE Ltd. recommended a special dividend of ₹5 per share and regular dividend of ₹18 per share, resulting into a final dividend of ₹23 per share.

Brokerage firm Nuvama Institutional Equties has maintained a 'Buy' rating on BSE, and revised its price target higher to ₹7,200 from ₹6,730 earlier.

The brokerage has factored in higher volumes for FY26–27E, leading to a 7.1% and 6.7% increase in estimated adjusted profit after tax for FY26E and FY27E, respectively.

Motilal Oswal has raised its earnings estimates for FY26 by 9% and FY27 by 13%. The brokerage has reiterated its 'Buy' recommendation on the stock with a target price of ₹7,600 per share.

Jefferies has a 'Hold' rating on the stock, but raised its price target to ₹7,000 from ₹5,250 earlier. The brokerage has raised its earnings estimates by 10–11%, citing stronger-than-expected revenues from options trading and improved rack revenues. It expects a robust 21% compound annual growth in revenue and a 27% rise in profit over FY25–28.

Out of the 14 analysts that have coverage on BSE, 12 of them have a 'Buy' rating on the stock, while two others have a 'Hold' rating. Motilal Oswal has the highest target on the stock at ₹7,600, followed by Nuvama at ₹7,200.

Shares of BSE are trading 8.95% higher on Wednesday at ₹6,801. The stock has risen over 25% so far in 2025.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBSE Ltd.share market today