A bronze bull statue stands at the entrance to the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, Jun 3, 2024. Photographer: Dhiraj Singh/Bloomberg

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CNBC TV1810-02-2026, 09:15

BSE Shares Soar to Record High Post Q3 Results; Analysts Project Up to 26% Upside

  • BSE Ltd. shares hit an all-time high, gaining over 4% after strong Q3 earnings.
  • Analysts from UBS, Jefferies, and Nuvama raised target prices, projecting up to 26% upside.
  • BSE's Q3 turnover increased by nearly 30% sequentially, with revenue up 20%.
  • Operating income rose 16% to ₹1,244 crore, and EBITDA increased 13% to ₹778 crore.
  • Despite higher regulatory contributions impacting margins, 12 out of 16 analysts recommend 'buy'.

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