BSE Stock Price: The share price of the country’s oldest stock exchange BSE saw a strong rise on Monday, September 16, 2024. The stock opened with a marginal gain, but due to strong buying by investors, the BSE stock (BSE Stock Price) jumped more than 19 percent to its all-time high of Rs 3459. At the end of today’s trade, the BSE stock closed at Rs 3431.80 with a jump of 18.23 percent.
Why did the BSE stock see a bumper jump
The reason for the big jump in BSE shares is the IPO of the country’s largest stock National Stock Exchange (NSE), whose prospects seem to be getting stronger. If NSE’s IPO comes, then due to this, BSE stock can see even more growth. On Friday, September 13, 2024, the stock market regulator SEBI has given a clean chit to former NSE CEOs Chitra Ramakrishna and Ravi Narayan due to lack of sufficient evidence in the NSE Co-Location Scam case. Due to this clean chit from SEBI, the way seems to be paving the way for the IPO of NSE. Due to this case, NSE’s IPO was not getting SEBI’s approval. After getting NOC from SEBI, NSE can again file draft paper with the regulator to bring IPO.
BSE stock gave 18 times return in 5 years
Seeing the increasing possibility of NSE’s IPO, a huge rise in BSE’s stock has been seen in today’s trade. Anyway, BSE’s stock is a multibagger stock for its shareholders. In the last one year, the stock has given a return of 170 percent, 417 percent in 2 years, close to 740 percent in 3 years and 1800 percent in 5 years, i.e. more than 18 times. BSE’s market cap is Rs 46,458 crore. Due to the possibility of NSE’s IPO, the rise in BSE’s shares may continue. Even if NSE’s IPO comes, its listing will be on BSE only as BSE is listed only on NSE. The stock of the exchange cannot trade on its own platform.
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NSE shares available in unlisted market
Even though NSE’s share is not listed, in the unlisted market, NSE’s share is trading at Rs 6200 and if investors want, they can buy NSE stock from the unlisted market
