BSE is making headlines today as its stock surged nearly 6% in early trade. The rally comes after the company announced that its board will meet on March 30 to consider a bonus share issue.
With this latest development, let’s take a look at the four key takeaways investors need to know before the March 31st market opening.
BSE board to consider bonus issue on March 30
BSE has announced that its board of directors will convene on Sunday, March 30, to evaluate the issuance of bonus shares. The announcement was made via an exchange filing post-market hours on March 25.
This marks the second time since BSE’s 2017 listing that the company is considering a bonus issue. The last time BSE announced a bonus, back in 2022, it issued shares in a 2:1 ratio, two bonus shares for every one held.
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While BSE has confirmed its board meeting, the record date for the proposed bonus shares has not yet been disclosed. The record date determines which shareholders will be eligible for the bonus shares. As per reports, it is expected that the company might announce this detail along with the bonus ratio on March 30.
BSE financial highlights
In terms of financials, BSE reported its highest-ever quarterly revenue of Rs 835.4 crore in Q3 FY25, marking a 94% jump from the previous year. The net profit for the quarter doubled to Rs 220 crore compared to Rs 108.2 crore in Q3 FY24.
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BSE’s share price has seen a 3% rise in the last five trading sessions. However, over the past month, the stock has dipped nearly 9%.
Looking at a broader timeframe, BSE has delivered a solid 29% return in the last six months, while its one-year performance stands at a 91% gain.
However, on a year-to-date (YTD) basis, the stock has slipped 13%.
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