Bombay Stock Exchange (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.
Kusumgar’s Rs 650-crore IPO opens today; grey market points to nearly 40% listing gains
The IPO has generated significant excitement in the grey market, where it is currently trading at a Grey Market Premium (GMP) of about Rs 166