Buy BSE, target price Rs 2150: IIFL

IIFL has buy call on BSE with a target price of Rs 2150. The current market price of BSE is Rs 2079. Time period given by analyst is Intra Day when BSE Ltd. price can reach defined target.

BSE Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 9356.27 Crore) operating in Financial Services sector.

BSE Ltd. key Products/Revenue Segments include Fees & Other Charges for the year ending 31-Mar-2020.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 225.80 Crore, up 21.58 % from last quarter Total Income of Rs 185.72 Crore and up 40.80 % from last year same quarter Total Income of Rs 160.37 Crore. Company reported net profit after tax of Rs 45.36 Crore in latest quarter.

Investment Rationale
The stock has given a double bottom breakout on the hourly chart

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 10.8 per cent, DIIs 1.61 per cent.