Add BSE, target price Rs 746: ICICI Securities
BSE Ltd. is Rs 699.3 .
BSE, incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 9466.15 Crore) operating in Financial Services sector. BSE key Products/Revenue Segments include Fees & Other Charges for the year ending 31-Mar-2022.Financials For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 271.49 Crore, up 10.84 % from last quarter Total Income of Rs 244.93 Crore and up 16.32 % from last year same quarter Total Income of Rs 233.40 Crore.
Company has reported net profit after tax of Rs 79.44 Crore in latest quarter.Investment RationaleIncrease in the core multiple captures the upside potential that BSE could manage in its equity derivatives market share and any momentum in capital markets. Earnings from Gift City operations is an additional optionality.
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