BSE jumps 7% on announcing 2:1 bonus share issue

NEW DELHI: Shares of BSE jumped 7 per cent on Wednesday after the company said it will allot bonus shares to shareholders in the ratio of 2:1, meaning the company will issue two fresh shares for each held by investors.

The firm is yet to decide on the record date for issuance of shares. It added that the shares will be issued within two months.

The company also announced its December quarter earnings which impressed many. BSE almost doubled its consolidated profits for the quarter compared to the same quarter year ago but sequentially the numbers were lower given market consolidation throughout the December quarter.


Its revenue from operations increased significantly year-on-year and were also up sequentially. Ebitda margin for the quarter was also up at 30 per cent against 28 per cent in Q2FY22 and 2 per cent in Q3FY21.

“Pretty good results by Bse. Markets can be rough on the way down but this stock just went up 3x in a year, and the price will soon fall by 67%. Because 2:1 bonus (sic),” said Deepak Shenoy of CapitalMind who said he was interested in it.

The stock has been in a bull run for the last three years as more and more traders have come into the market. The influx of new traders and investors is driving its revenues.

On Wednesday, it traded up by 7 per cent at Rs 2,218.