NSE stock soars 25% in unlisted market post 4:1 bonus issue
Shares of the National Stock Exchange surged by more than 25% in the unlisted market this week following a 4:1 bonus announcement last Friday. According to brokers dealing with the unlisted shares, the stock was trading at around ₹4,300-4,400 last week and is currently trading in the ₹5,400-5,800 range.
At ₹5,500, NSE is valued at ₹2.73 lakh crore or about $33 billion, making it the world's seventh most valuable stock exchange, trailing Nasdaq's market capitalisation by just $1 billion.
Intercontinental Exchange is currently valued at $77 billion while CME Group is valued at $76 billion. London Stock Exchange, Hong Kong Exchanges and Deutsche Boerse AG are valued between $38 billion and $60 billion.
NSE shares have surged 67% so far this year, significantly outpacing the 2.27% gain in the Nifty. The momentum in NSE shares got a boost on Friday when NSE announced a bonus issue, offering four shares for every share held by investors as of the record date.
Such bonus issues are typically implemented by companies to enhance stock liquidity and reduce per-share prices, enhancing accessibility for investors.
NSE on Friday also reported consolidated revenue from operations at ₹4,625 crore for the March 2024 quarter, up by 34% on a year-on-year basis. Net profit rose 20% to ₹2,488 crore. For the fiscal year ended March 2024, NSE reported a net profit of ₹8,306, a jump of 13% year-on-year, and revenues of ₹14,780 crore, up 25%.
«For a smaller lot size, NSE shares are traded at around ₹5,800 while a 5% discount is
