# BSE (BSE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bse

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹3,800
- Change: +0.26%
- As of: 2026-11-06
- 1D return: +0.26%
- 5D return: +8.25%
- 1M return: +13.95%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

BSE is in a strong daily uptrend, closing at ₹3790.0 on 2026-11-05 after a +5.2% surge driven by extreme volume participation (volume ratio 2.89). The price sits near the upper end of its recent ranges (+92.0% of the 20-day range), supported by bullish daily and monthly Supertrends and prices above all key moving averages. However, the weekly Supertrend remains bearish, and the daily ADX (22.48) indicates the trend is developing rather than established, suggesting potential volatility as the stock navigates resistance at ₹3867.5 (2.04% above). With annualized volatility at +46.2% and a current drawdown of -13.9%, risk remains elevated despite the positive momentum.

- Trend: Daily and monthly trends are bullish with price above all major moving averages; weekly trend shows conflicting signals with a bearish Supertrend.
- Momentum: Extreme volume-backed upward move (+5.2%) on 2026-11-05; ADX at 22.48 suggests developing but not yet strong conviction.
- Levels: Immediate resistance at ₹3867.5 (2.04% above); support found at ₹3784.8 (0.14% below) and ₹3741.43 (1.28% below).
- Risk: High volatility (+46.2% annualized) and wide intraday ranges (+5.9% on 2026-11-03) require careful position sizing.

- Inside Bar
- Outside Bar
- Bearish Engulfing Reversal
- Bullish Engulfing Reversal

### News Context

BSE Ltd shares rose between 5% and 6.5% on November 5, 2026, following the release of its Q2 FY27 results, which reported a 49% year-on-year increase in consolidated revenue to ₹32,573 million and net profit growth of approximately 45% to ₹807–808 crore. The exchange operator highlighted record-high turnover metrics in equity cash and derivatives segments alongside a 52% net margin. Market reaction was mixed; while Motilal Oswal Financial Services raised earnings estimates for FY27 and FY28 by 3% and 5% respectively—reiterating a 'Buy' rating with a target price of ₹4,200 based on volume recovery and operational leverage—other analysts flagged valuation concerns. Jefferies maintained an 'underperform' rating citing limited market-share gains, and Bernstein retained an 'Underperform' stance, questioning the sustainability of growth due to softer volume trends. UBS and JPMorgan maintained positive ratings, reflecting a divergence in analyst views on whether current valuations reflect future earnings potential.

- Q2 FY27 financials: Consolidated revenue grew 49% YoY to ₹32,573 million; net profit increased ~45% YoY to ₹807–808 crore; net margin stood at 52%.
- Share price movement: BSE stock surged 5–6.5% on November 5, 2026, immediately post-results announcement.
- Analyst divergence: Motilal Oswal raised FY27/FY28 estimates by 3%/5% and set a ₹4,200 target (Buy); Jefferies and Bernstein maintained Underperform ratings citing valuation and sustainability risks; UBS and JPMorgan held positive views.
- Operational drivers: Record-high turnover in equity cash and derivatives segments supported earnings, though some analysts noted softer volume growth trends.

- [Diwali stock picks 2026: Titan, ICICI Bank, HDFC Bank, BSE, Eternal among 25 stocks with up to 46% upside for Samvat 2083; check target prices](https://www.moneycontrol.com/news/business/markets/diwali-stock-picks-2026-titan-icici-bank-hdfc-bank-bse-eternal-among-25-stocks-with-up-to-46-upside-for-samvat-2083-check-target-prices-14072831.html)
- [BSE vs NSE vs MCX vs IEX shares: Which exchange stock to buy after Q2 results for good returns? Experts' views](https://www.livemint.com/market/stock-market-news/bse-vs-nse-vs-mcx-vs-iex-shares-which-exchange-stock-to-buy-after-q2-results-for-good-returns-experts-views-11793860967633.html)
- [BSE share price rally after Q2 results, Analysts flag valuation concerns; check fresh targets & more](https://www.businesstoday.in/markets/trending-stocks/story/bse-share-price-rally-after-q2-results-analysts-flag-valuation-concerns-check-fresh-targets-more-565870-2026-11-05)
- [BSE surges 6.5% mid-morning; analysts divided after strong H1 print](https://www.thehindubusinessline.com/markets/stock-markets/bse-surges-65-mid-morning-analysts-divided-after-strong-h1-print/article71668851.ece)
- [BSE climbs 5% post Q2; MOFSL raises earnings estimates on volume recovery](https://www.business-standard.com/markets/news/bse-climbs-5-post-q2-mofsl-raises-earnings-estimates-on-volume-recovery-126110300709_1.html)

### What Changed

BSE Limited has scheduled a physical investor and analyst meet in Mumbai on November 11, 2026, at 11:00 AM. The event is part of the Goldman Sachs India CIO Tour and involves analyst Gisele Castelino. This engagement follows recent market attention, with BSE included in Moneycontrol’s Diwali 2026 stock picks list for Samvat 2083, which cited potential upside of up to 46% alongside target prices. On the trading front, BSE’s share price was reported at ₹3,790.00 as of November 5, 2026, reflecting an increase from the previous recorded level of ₹3,601.50.

- Investor Meet Scheduled: A physical conference call with analysts and institutional investors is set for November 11, 2026, in Mumbai, organized under the Goldman Sachs India CIO Tour.
- Price Movement: The stock closed at ₹3,790.00 on November 5, 2026, up from ₹3,601.50 in the prior observation period.
- Market Sentiment: BSE was featured in Moneycontrol’s Diwali 2026 recommendations, highlighting it among 25 stocks with projected upside of up to 46% for the Samvat 2083 period.

- [Diwali stock picks 2026: Titan, ICICI Bank, HDFC Bank, BSE, Eternal among 25 stocks with up to 46% upside for Samvat 2083; check target prices](https://www.moneycontrol.com/news/business/markets/diwali-stock-picks-2026-titan-icici-bank-hdfc-bank-bse-eternal-among-25-stocks-with-up-to-46-upside-for-samvat-2083-check-target-prices-14072831.html)
- [BSE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261105_155007696.xml)
- [BSE Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BSE1_05112026154901_NSEIntimation.pdf)

### Official Filings

BSE Limited disclosed key governance and financial updates on November 4–5, 2026. The Board appointed Ashutosh Singh as Executive Director, effective November 30, 2026, for a six-year term. Mr. Singh currently serves as Managing Director & CEO of BSE Index Services Pvt. Ltd., bringing over 23 years of experience in financial services, and is unrelated to existing directors. This leadership change signals continuity within the group’s index operations while expanding executive oversight at the listed entity level.

Financially, the company reported consolidated total income of ₹32,573 million and net profit attributable to shareholders of ₹16,832 million for H1 FY27. These figures were presented in an investor presentation filed with the NSE on November 4, 2026, following Board approval of unaudited standalone and consolidated results for the quarter and six months ended September 30, 2026. Results were published in Financial Express and Navshakti on November 5, 2026. An earnings call was held on November 4, 2026, with recordings made available later that day.

Additionally, BSE advertised for its Managing Director and Chief Executive Officer position via Mint on November 5, 2026, indicating ongoing recruitment for top leadership. A conference call with analysts and institutional investors, part of the Goldman Sachs India CIO Tour, is scheduled for November 11, 2026, in Mumbai.

- Ashutosh Singh appointed as Executive Director effective November 30, 2026, for a 60-month term; he currently leads BSE Index Services Pvt. Ltd. and has 23+ years of industry experience.
- H1 FY27 consolidated total income stood at ₹32,573 million with net profit attributable to shareholders at ₹16,832 million, based on Board-approved unaudited results for the period ended September 30, 2026.
- BSE advertised for MD & CEO role in Mint on November 5, 2026; no appointment has been announced yet.
- Investor/analyst conference call scheduled for November 11, 2026, in Mumbai, as part of the Goldman Sachs India CIO Tour.

- [BSE Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BSE1_05112026113318_NSEintimation05112026.pdf)
- [BSE Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BSE1_05112026113447_NSEintimationMDadvt05112026.pdf)
- [BSE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261105_155007696.xml)
- [BSE Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BSE1_05112026154901_NSEIntimation.pdf)
- [BSE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_14509_WebXMLFile_20261104_181011884.xml)
- [BSE Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BSE1_04112026181604_NSEIntimation.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753030_04112026071644_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753025_04112026071425_WEB.xml)
- [BSE Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BSE1_04112026195744_NSEIntimation.pdf)
- [BSE Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261104_200131484.xml)

### Fundamentals

BSE demonstrates a robust long-term growth trajectory with strong earnings quality, though recent quarterly results show sequential moderation. Over the trailing twelve months (TTM), sales reached ₹5,442 crore and net profit stood at ₹2,822 crore, supported by a compounded 3-year profit growth of 126% and a Return on Equity of 46%. The balance sheet is pristine, with zero borrowings across all reported periods and cash from operating activities rising to ₹3,104 crore in FY2026. However, Q2 FY2026-27 revenue decreased sequentially to ₹1,433 crore from ₹1,566 crore in Q1, with net profit falling to ₹808 crore from ₹873 crore. This sequential dip contrasts with the strong annual trend, suggesting cyclical or seasonal variability rather than structural weakness. Capital expenditure remains high, with fixed assets jumping to ₹642 crore and CWIP at ₹77 crore as of Mar 2026, indicating ongoing infrastructure investment. Institutional interest is shifting, with DIIs increasing their stake to 25.89% by Sep 2026, while FIIs held 17.1%.

- Strong TTM profitability: Sales of ₹5,442 crore and Net Profit of ₹2,822 crore, with ROE at 46% and zero debt.
- Sequential Q2 moderation: Revenue fell to ₹1,433 crore and Net Profit to ₹808 crore in Q2 FY2026-27, down from Q1 figures.
- High capital intensity: Fixed assets grew to ₹642 crore and Investments rose to ₹3,837 crore by Mar 2026, signaling active expansion.
- Institutional shift: DII holding increased to 25.89% by Sep 2026, offsetting a slight decline in FII stake to 17.1%.

### Bull Case

BSE Ltd demonstrated strong operational momentum in the first half of FY27, with consolidated revenue rising 49% year-on-year to ₹32,573 million and net profit increasing 45% to ₹807.52 crore in Q2 alone. The company achieved a record-high turnover in equity cash and derivatives segments, supporting a 52% net margin. This earnings strength triggered positive analyst revisions, such as Motilal Oswal raising FY27 and FY28 estimates by 3% and 5% respectively, citing volume recovery and better-than-expected operational leverage. Technically, the stock has posted significant gains, including a +109.5% return since the start of the tracking period and a +51.8% one-year return, with daily trend indicators showing bullish signals. However, this constructive case is conditional on the sustainability of volume growth and market-share trends, as some analysts flag valuation concerns and softer volume metrics that could challenge future expansion.

- H1 FY27 revenue grew 49% YoY to ₹32,573 million, with Q2 net profit up 45% to ₹807.52 crore and a 52% net margin.
- Record-high turnover in equity cash and derivatives segments supported operational leverage, prompting Motilal Oswal to raise FY27/FY28 earnings estimates by 3%/5%.
- Stock delivered a +109.5% return since the start of the period and +51.8% over one year, with daily technicals indicating a bullish trend.
- Upside remains conditional on sustaining volume growth, as analysts note valuation concerns and potential softness in market-share trends.

- [Diwali stock picks 2026: Titan, ICICI Bank, HDFC Bank, BSE, Eternal among 25 stocks with up to 46% upside for Samvat 2083; check target prices](https://www.moneycontrol.com/news/business/markets/diwali-stock-picks-2026-titan-icici-bank-hdfc-bank-bse-eternal-among-25-stocks-with-up-to-46-upside-for-samvat-2083-check-target-prices-14072831.html)
- [BSE vs NSE vs MCX vs IEX shares: Which exchange stock to buy after Q2 results for good returns? Experts' views](https://www.livemint.com/market/stock-market-news/bse-vs-nse-vs-mcx-vs-iex-shares-which-exchange-stock-to-buy-after-q2-results-for-good-returns-experts-views-11793860967633.html)
- [BSE share price rally after Q2 results, Analysts flag valuation concerns; check fresh targets & more](https://www.businesstoday.in/markets/trending-stocks/story/bse-share-price-rally-after-q2-results-analysts-flag-valuation-concerns-check-fresh-targets-more-565870-2026-11-05)
- [BSE surges 6.5% mid-morning; analysts divided after strong H1 print](https://www.thehindubusinessline.com/markets/stock-markets/bse-surges-65-mid-morning-analysts-divided-after-strong-h1-print/article71668851.ece)
- [BSE climbs 5% post Q2; MOFSL raises earnings estimates on volume recovery](https://www.business-standard.com/markets/news/bse-climbs-5-post-q2-mofsl-raises-earnings-estimates-on-volume-recovery-126110300709_1.html)
- [BSE Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BSE1_05112026113318_NSEintimation05112026.pdf)
- [BSE Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BSE1_05112026113447_NSEintimationMDadvt05112026.pdf)
- [BSE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261105_155007696.xml)
- [BSE Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BSE1_05112026154901_NSEIntimation.pdf)
- [BSE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_14509_WebXMLFile_20261104_181011884.xml)

### Bear Case

Despite strong recent earnings, several factors support a cautious interpretation of BSE's current setup. Analysts are divided on the sustainability of growth; Jefferies and Bernstein have maintained 'Underperform' ratings, citing valuation concerns, limited market-share gains, and softer volume trends that may challenge future momentum. Technically, the stock is trading near significant resistance levels, with the nearest high at ₹3,867.50 (2.04% above the November 5 close of ₹3,790.00). The weekly trend indicator has flipped to bearish, contrasting with the daily bullish signal, suggesting potential short-term volatility or consolidation. Furthermore, the stock has experienced a maximum drawdown of -36.5% historically and is currently in a -13.9% drawdown from its peak, indicating elevated downside risk if support levels fail.

- Analyst divergence: Jefferies and Bernstein maintain 'Underperform' ratings due to valuation concerns and questions regarding the sustainability of volume growth and market share.
- Technical resistance: Nearest resistance level is ₹3,867.50 (2.04% above Nov 5 close), with the weekly trend direction shifting to bearish while daily remains bullish.
- Volatility and drawdown: Current drawdown stands at -13.9%, with historical maximum drawdown reaching -36.5% and annualized volatility at +46.2%.

- [Diwali stock picks 2026: Titan, ICICI Bank, HDFC Bank, BSE, Eternal among 25 stocks with up to 46% upside for Samvat 2083; check target prices](https://www.moneycontrol.com/news/business/markets/diwali-stock-picks-2026-titan-icici-bank-hdfc-bank-bse-eternal-among-25-stocks-with-up-to-46-upside-for-samvat-2083-check-target-prices-14072831.html)
- [BSE vs NSE vs MCX vs IEX shares: Which exchange stock to buy after Q2 results for good returns? Experts' views](https://www.livemint.com/market/stock-market-news/bse-vs-nse-vs-mcx-vs-iex-shares-which-exchange-stock-to-buy-after-q2-results-for-good-returns-experts-views-11793860967633.html)
- [BSE share price rally after Q2 results, Analysts flag valuation concerns; check fresh targets & more](https://www.businesstoday.in/markets/trending-stocks/story/bse-share-price-rally-after-q2-results-analysts-flag-valuation-concerns-check-fresh-targets-more-565870-2026-11-05)
- [BSE surges 6.5% mid-morning; analysts divided after strong H1 print](https://www.thehindubusinessline.com/markets/stock-markets/bse-surges-65-mid-morning-analysts-divided-after-strong-h1-print/article71668851.ece)
- [BSE climbs 5% post Q2; MOFSL raises earnings estimates on volume recovery](https://www.business-standard.com/markets/news/bse-climbs-5-post-q2-mofsl-raises-earnings-estimates-on-volume-recovery-126110300709_1.html)
- [BSE Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BSE1_05112026113318_NSEintimation05112026.pdf)
- [BSE Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BSE1_05112026113447_NSEintimationMDadvt05112026.pdf)
- [BSE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261105_155007696.xml)
- [BSE Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BSE1_05112026154901_NSEIntimation.pdf)
- [BSE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_14509_WebXMLFile_20261104_181011884.xml)

### FAQs

**What were BSE's key financial results for Q2 FY27, and how did the market react?**

BSE reported a 45% year-on-year increase in consolidated net profit to ₹807.52 crore and revenue growth of 34.1% for Q2 FY27. Following these results, shares surged over 5% in morning trade. The first half of the fiscal year saw consolidated revenue rise 49% year-on-year to ₹32,573 million with a net margin of 52%.

**Why are analysts divided on BSE's stock outlook despite strong earnings?**

Analysts are split due to valuation concerns versus growth momentum. Jefferies and Bernstein maintain 'Underperform' ratings, citing limited market-share gains and sustainability risks from softer volume growth. Conversely, Motilal Oswal, PL Capital, HDFC Securities, UBS, and JPMorgan hold positive views, pointing to expected volume recovery, margin expansion, and operational leverage as drivers for future performance.

**What recent leadership changes has BSE announced?**

On November 4, 2026, BSE’s Board appointed Ashutosh Singh as Executive Director. His appointment is effective November 30, 2026, for a term of 60 months. Mr. Singh currently serves as the MD & CEO of BSE Index Services Pvt. Ltd, a wholly owned subsidiary, bringing over 23 years of experience in financial services.

**What is the current technical trend and price action for BSE shares?**

As of November 5, 2026, BSE closed at ₹3,790.00, up +5.2% for the day. Technical indicators show a bullish daily supertrend with support near ₹3,784.80 and resistance at ₹3,867.50. Over the past month, the stock returned +19.2%, while the weekly trend remains bearish. The stock is currently trading within a -13.9% drawdown from its peak.

- [Diwali stock picks 2026: Titan, ICICI Bank, HDFC Bank, BSE, Eternal among 25 stocks with up to 46% upside for Samvat 2083; check target prices](https://www.moneycontrol.com/news/business/markets/diwali-stock-picks-2026-titan-icici-bank-hdfc-bank-bse-eternal-among-25-stocks-with-up-to-46-upside-for-samvat-2083-check-target-prices-14072831.html)
- [BSE vs NSE vs MCX vs IEX shares: Which exchange stock to buy after Q2 results for good returns? Experts' views](https://www.livemint.com/market/stock-market-news/bse-vs-nse-vs-mcx-vs-iex-shares-which-exchange-stock-to-buy-after-q2-results-for-good-returns-experts-views-11793860967633.html)
- [BSE share price rally after Q2 results, Analysts flag valuation concerns; check fresh targets & more](https://www.businesstoday.in/markets/trending-stocks/story/bse-share-price-rally-after-q2-results-analysts-flag-valuation-concerns-check-fresh-targets-more-565870-2026-11-05)
- [BSE surges 6.5% mid-morning; analysts divided after strong H1 print](https://www.thehindubusinessline.com/markets/stock-markets/bse-surges-65-mid-morning-analysts-divided-after-strong-h1-print/article71668851.ece)
- [BSE climbs 5% post Q2; MOFSL raises earnings estimates on volume recovery](https://www.business-standard.com/markets/news/bse-climbs-5-post-q2-mofsl-raises-earnings-estimates-on-volume-recovery-126110300709_1.html)
- [BSE Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BSE1_05112026113318_NSEintimation05112026.pdf)
- [BSE Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/BSE1_05112026113447_NSEintimationMDadvt05112026.pdf)
- [BSE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261105_155007696.xml)
- [BSE Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BSE1_05112026154901_NSEIntimation.pdf)
- [BSE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_14509_WebXMLFile_20261104_181011884.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹3,761.23
- Risk regime: Price Risk Requires Attention

### Support levels
- 3784.8
- 3639.5
- 3444.1484375

### Resistance levels
- 3867.5
- 3994
- 4121

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.26% |
| return_10 | +17.62% |
| return_1m | +14.98% |
| return_1y | +54.75% |
| return_20 | +13.95% |
| return_3m | +10.63% |
| return_5 | +8.25% |
| return_6m | -1.35% |
| return_since_start | +110.10% |
| return_ytd | +44.60% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -36.49% |
| annualized_volatility | +46.10% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# BSE Limited Q2 FY2026-27: Revenue up 34% year on year

BSE reported consolidated revenue from operations of ₹1,433 crore for the quarter ended 30 September 2026, up 34.1% year on year and down 8.5% from Q1 FY2026-27. Profit for the period rose 45.0% year on year to ₹808 crore, but was 7.5% lower sequentially; diluted EPS was ₹19.64, versus ₹13.56 a year earlier and ₹21.22 in Q1.

## Revenue and costs ease from Q1

Total income was ₹1,551 crore, down 9.2% from ₹1,707 crore in Q1 FY2026-27, and included ₹118 crore of other income. Expenses fell 10.1% quarter on quarter to ₹506 crore, while rising 20.2% year on year. Employee benefit expense was ₹84.7 crore and depreciation, depletion and amortisation expense was ₹46.1 crore.

Profit before tax was ₹1,045 crore, down 8.7% from Q1 but up 45.3% from Q2 FY2025-26. The sequential decline in pre-tax profit was slightly smaller than the decline in total income as expenses also decreased.

## Tax, profit and EPS

Tax expense was ₹265 crore, down 9.0% quarter on quarter. It comprised current tax of ₹270 crore and a deferred tax credit of ₹5.6 crore. Profit for the period was ₹808 crore, compared with ₹873 crore in Q1 FY2026-27 and ₹557 crore in Q2 FY2025-26. Profit attributable to owners of the parent was ₹809 crore, while non-controlling interests recorded a loss of ₹1.6 crore.

Basic and diluted EPS were both ₹19.64, down 7.4% from Q1 and up 44.8% year on year. Trailing twelve-month EPS was ₹74.82.

## Comprehensive income and associates

Total comprehensive income was ₹814 crore, compared with ₹872 crore in Q1 FY2026-27 and ₹569 crore in Q2 FY2025-26. Other comprehensive income was ₹6.5 crore, versus a loss of ₹0.39 crore in Q1. BSE recorded ₹27.5 crore as its share of profit from associates and joint ventures.

## Cash flow and liquidity

Operating cash flow was ₹1,327 crore, while investing and financing cash flows were negative ₹1,704 crore and ₹412 crore, respectively. Reported free cash flow was negative ₹377 crore.

At 30 September 2026, cash and cash equivalents stood at ₹885 crore, compared with ₹1,672 crore at 31 March 2026. Bank balances other than cash and cash equivalents were ₹4,669 crore, up from ₹3,501 crore, and current investments were ₹2,825 crore, up from ₹2,345 crore. Thus, the lower cash-equivalents balance coincided with higher bank balances and current investments.

## Balance sheet

Total assets were ₹14,629 crore at 30 September 2026, compared with ₹13,446 crore at 31 March 2026 and ₹11,138 crore at 30 September 2025. Equity attributable to owners of the parent was ₹7,952 crore, up from ₹6,673 crore at 31 March 2026.

Current assets totalled ₹9,127 crore against current liabilities of ₹5,237 crore. Current financial liabilities were ₹3,366 crore and other current liabilities were ₹1,617 crore.

## Key Takeaway

BSE delivered strong year-on-year revenue and profit growth, while both moderated from Q1. Lower sequential expenses helped limit the decline in pre-tax profit; operating cash flow remained positive, and the lower cash-equivalents balance was accompanied by higher bank balances and current investments.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +0.00%
- FII holding: +21.32%
- DII holding: +24.14%
- Mutual fund holding: +11.69%
- Retail holding: +29.76%
- Promoter pledged: +0.00%

### Major reported shareholders

- LIFE INSURANCE CORPORATION OF INDIA — +5.57%
- KOTAK MAHINDRA — +1.83%
- SIDDHARTH BALACHANDRAN — +1.70%
- SBI LIFE INSURANCE CO. LTD — +1.65%
- TATA AIA LIFE INSURANCE CO LTD — +1.37%
- NIPPON LIFE INDIA TRUSTEE LTD — +1.36%
- MOTILAL OSWAL — +1.36%
- HDFC LIFE INSURANCE COMPANY LIMITED — +1.36%
- INVESCO INDIA — +1.34%
- S GOPALAKRISHNAN — +1.17%

## Official filings

- 2026-11-05 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_05112026113318_NSEintimation05112026.pdf)
- 2026-11-05 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_05112026113447_NSEintimationMDadvt05112026.pdf)
- 2026-11-05 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261105_155007696.xml)
- 2026-11-05 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_05112026154901_NSEIntimation.pdf)
- 2026-11-04 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_14509_WebXMLFile_20261104_181011884.xml)
- 2026-11-04 — Earnings Presentation: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_04112026181604_NSEIntimation.pdf)
- 2026-11-04 — Financial Results Filing: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753030_04112026071644_WEB.xml)
- 2026-11-04 — Financial Results Filing: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753025_04112026071425_WEB.xml)
- 2026-11-04 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_04112026195744_NSEIntimation.pdf)
- 2026-11-04 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261104_200131484.xml)
- 2026-11-04 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261104_200131484.xml)
- 2026-10-29 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_29102026123744_NSEIntimation.pdf)
- 2026-10-27 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_14509_WebXMLFile_20261027_160529605.xml)
- 2026-10-27 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_27102026160300_NSEIntimationEarningcall04112026.pdf)
- 2026-10-22 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_22102026111144_NSEIntimation.pdf)
- 2026-10-21 — Management Change: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_21102026130745_NSEintimation.pdf)
- 2026-10-19 — Shareholding Disclosure: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741125_19102026104829_WEB.xml)
- 2026-10-16 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_16102026120419_NSEintimation.pdf)
- 2026-10-13 — Board Meeting Notice: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_13102026160203_NSEIntimation.pdf)
- 2026-10-13 — Board Meeting Notice: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_14509_WebXMLFile_20261013_160356946.xml)
- 2026-10-13 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_14509_WebXMLFile_20261013_160356946.xml)
- 2026-10-12 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_12102026153016_NSEIntimation.pdf)
- 2026-09-30 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_30092026112830_NSEIntimation.pdf)
- 2026-09-30 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_14509_WebXMLFile_20260930_113201986.xml)
- 2026-09-24 — Generic Announcement: BSE Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BSE1_24092026160329_NSEIntimation.pdf)

## News and market events

- 2026-11-07 — Economic Times: **Diwali Muhurat Trading 2026: Samco Securities picks 12 stocks and ETFs for investors; BSE, Adani Power among top bets** — Samco Securities has unveiled a basket of 12 investment picks for the Diwali Muhurat Trading session on November 8, 2026, comprising 10 Indian stocks and two US-listed ETFs. The recommendations span sectors including power, IT services, aerospace, and commodities, with specific technical entry levels, stop-losses, and target prices provided for each asset. The international ETF selections are intended to offer exposure to energy and healthcare while hedging against risks such as rising crude oil prices and a weakening rupee. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/diwali-muhurat-trading-2026-samco-securities-picks-12-stocks-and-etfs-for-investors-bse-adani-power-among-top-bets/articleshow/135627545.cms)
- 2026-11-07 — Mint: **Muhurat Trading 2026 Diwali stocks to buy for upto 109% upside: BSE, Adani Power, HFCL, TechM - SAMCO's 10 shares | List** — Samco Wealth has recommended 10 stocks across sectors such as power, IT, and defense for Muhurat Trading on November 7, emphasizing diversification following a volatile market year. The brokerage highlighted companies including Azad Engineering, Adani Power, HFCL, Tech Mahindra, and BSE, citing strong quarterly earnings growth and order book visibility as key drivers for the new Samvat. — [Source](https://www.livemint.com/market/stock-market-news/muhurat-trading-2026-diwali-stocks-to-buy-for-upto-109-upside-bse-adani-power-hfcl-techm-samcos-10-shares-list-11794024034171.html)
- 2026-11-06 — MONEYCONTROL: **Diwali stock picks 2026: Titan, ICICI Bank, HDFC Bank, BSE, Eternal among 25 stocks with up to 46% upside for Samvat 2083; check target prices** — Moneycontrol has published a list of 25 stock picks for Diwali 2026, featuring companies such as Titan, ICICI Bank, HDFC Bank, BSE, and Eternal. The article highlights these equities as having potential upside of up to 46% for the Samvat 2083 period and includes associated target prices. — [Source](https://www.moneycontrol.com/news/business/markets/diwali-stock-picks-2026-titan-icici-bank-hdfc-bank-bse-eternal-among-25-stocks-with-up-to-46-upside-for-samvat-2083-check-target-prices-14072831.html)
- 2026-11-05 — Mint: **BSE vs NSE vs MCX vs IEX shares: Which exchange stock to buy after Q2 results for good returns? Experts' views** — Following Q2 FY27 results, market experts identified MCX as the strongest performer with over 100% revenue and profit growth, while BSE also delivered robust earnings supported by derivatives and mutual fund platforms. NSE maintained strong operating margins despite moderate revenue growth, whereas IEX posted steady expansion amid ongoing regulatory uncertainty regarding market coupling. Analysts suggest that while MCX and BSE offer attractive growth momentum, investors should evaluate valuations and sustainability before making decisions. — [Source](https://www.livemint.com/market/stock-market-news/bse-vs-nse-vs-mcx-vs-iex-shares-which-exchange-stock-to-buy-after-q2-results-for-good-returns-experts-views-11793860967633.html)
- 2026-11-05 — BUSINESSTODAY: **BSE share price rally after Q2 results, Analysts flag valuation concerns; check fresh targets & more** — Shares of BSE Ltd rose nearly 6 per cent following strong Q2 earnings, which showed a 44.9 per cent year-on-year increase in net profit to Rs 808.15 crore and revenue growth of 34.1 per cent. Despite the rally, analysts remain divided on the stock's outlook; Jefferies maintained an 'underperform' rating citing valuation concerns and limited market-share gains, while Motilal Oswal, PL Capital, and HDFC Securities reiterated positive ratings based on expected volume recovery and margin expansion. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/bse-share-price-rally-after-q2-results-analysts-flag-valuation-concerns-check-fresh-targets-more-565870-2026-11-05)
- 2026-11-05 — The Hindu: **BSE surges 6.5% mid-morning; analysts divided after strong H1 print** — Shares of BSE Limited surged over 6.5% in morning trade following the exchange operator's strong first-half results, which reported a 49% year-on-year increase in consolidated revenue to ₹32,573 million and a net margin of 52%. Analyst reactions were divided on the outlook; UBS and JPMorgan maintained positive ratings citing earnings beats and margin expansion, while Bernstein retained an Underperform stance, flagging concerns about the sustainability of growth due to softer volume growth and market-share trends. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/bse-surges-65-mid-morning-analysts-divided-after-strong-h1-print/article71668851.ece)
- 2026-11-05 — BUSINESS: **BSE climbs 5% post Q2; MOFSL raises earnings estimates on volume recovery** — Shares of BSE Ltd surged over 5% following its Q2 FY27 results, which showed a 45% year-on-year increase in consolidated net profit to ₹807.52 crore and record-high turnover metrics in equity cash and derivatives segments. Motilal Oswal Financial Services raised its earnings estimates for FY27 and FY28 by 3% and 5% respectively, citing strong volume recovery in October and expected improvements in the second half of the fiscal year. The brokerage reiterated a 'Buy' rating on the stock with a target price of ₹4,200, attributing the positive outlook to better-than-expected operational leverage. — [Source](https://www.business-standard.com/markets/news/bse-climbs-5-post-q2-mofsl-raises-earnings-estimates-on-volume-recovery-126110300709_1.html)
- 2026-11-05 — Economic Times: **BSE shares jump 4% after Q2 results. Here’s what Bernstein, Motilal, others are saying** — BSE shares rose over 4% after the exchange reported a 44.9% year-on-year increase in Q2FY27 net profit to Rs 809 crore, driven by strong revenue and EBITDA growth. Brokerages offered mixed views: Motilal Oswal maintained a Buy rating citing expected recovery in derivatives activity, while Bernstein retained an Underperform rating despite raising its target price, noting that transaction revenue declined quarter-on-quarter due to CAS changes. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bse-shares-jump-4-after-q2-results-heres-what-bernstein-motilal-others-are-saying/articleshow/135559226.cms)
- 2026-11-05 — Mint: **Indian shares set to open higher as oil hits 2-month low after US Democratic win** — Indian shares are expected to open higher, with GIFT Nifty futures indicating a positive start for the benchmark Nifty 50, as crude oil prices hit a two-month low following US Democratic election victories. Foreign investors continued their buying spree on Wednesday, marking their fourth consecutive session of purchases after a significant sell-off earlier in the year. The domestic market has shown signs of recovery over the last five sessions, supported by easing oil prices and strong earnings from companies like BSE and Apollo Hospitals. — [Source](https://www.livemint.com/market/stock-market-news/indian-shares-set-to-open-higher-as-oil-hits-2-month-low-after-us-democratic-win-11793846244666.html)
- 2026-11-05 — Economic Times: **Stocks in news: BSE, Lenskart, Nykaa, Bharti Airtel, LIC, Aurobindo Pharma and Nalco** — Indian equity benchmarks extended their winning streak to a fifth consecutive session, with the Nifty 50 closing at 23,961 amid broad-based buying and optimism for a breakout above 24,000. Several companies, including BSE, Lenskart, Nykaa, Bharti Airtel, LIC, Aurobindo Pharma, and NALCO, are in focus as investors track their September-quarter earnings, sales data, and operational updates. Experts advise monitoring support levels around 23,750–23,700 as the bullish trend persists. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-bse-lenskart-nykaa-bharti-airtel-lic-aurobindo-pharma-and-nalco/articleshow/135548122.cms)
- 2026-11-04 — Economic Times: **BSE Q2 Results: Net profit surges 45% YoY to Rs 809 crore; revenue jumps 34%** — BSE reported a 44.9% year-on-year surge in consolidated net profit to Rs 809.15 crore and a 34.1% revenue increase to Rs 1,432.6 crore for Q2FY27, driven by a 42% rise in transaction charges. The exchange also expanded its EBITDA margin to 68.7% and approved the appointment of Ashutosh Singh as Executive Director alongside a proposal to acquire land from MMRDA for infrastructure development. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/bse-q2-results-net-profit-rises-45-yoy-to-rs-809-crore-revenue-up-34/articleshow/135540031.cms)
- 2026-11-04 — CNBC-TV18: **Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more** — Multiple companies including Dabur, Nykaa, Torrent Power, Apollo Hospitals, and BSE reported their Q2 results on November 4, with most posting double-digit profit growth. While entities like Apollo Tyres and RITES saw earnings declines or margin contractions, others such as PhysicsWallah and Chalet Hotels demonstrated significant improvements in profitability metrics despite varying revenue trends. — [Source](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- 2026-11-04 — FREEPRESSJOURNAL.IN: **BSE Q2 Results: Net Profit Jumps 45% To ₹807.52 Crore, Revenue Surges 34% To ₹1,432.66 Crore In September Quarter** — BSE Ltd reported a 45% year-on-year increase in consolidated net profit to ₹807.52 crore and a 34% revenue surge to ₹1,432.66 crore for the second quarter of FY27, driven by stronger earnings performance compared to the previous year. Despite this robust annual growth, the exchange experienced a quarterly moderation, with profit declining 7.4% and revenue dropping 8.5% sequentially from the preceding quarter. These results highlight the company's expanding profitability while underscoring that future performance remains contingent on market participation and regulatory developments. — [Source](https://www.freepressjournal.in/business/bse-q2-results-net-profit-jumps-45-to-80752-crore-revenue-surges-34-to-143266-crore-in-september-quarter)
- 2026-11-04 — MONEYCONTROL: **BSE Q2 profit rises 45% to Rs 808 crore; revenue up 34%** — The Bombay Stock Exchange (BSE) reported a 45% increase in its second-quarter profit to Rs 808 crore, alongside a 34% rise in revenue. This financial performance highlights the exchange's growth during the reporting period. — [Source](https://www.moneycontrol.com/news/business/earnings/bse-q2-profit-rises-45-to-rs-808-crore-revenue-up-34-14070100.html)
- 2026-11-04 — FREEPRESSJOURNAL.IN: **BSE Q2 Results: Net Profit Drops 7.4% To ₹809 Crore Sequentially, Revenue Declines 8.5% Even As Operating Margins Hold Firm** — BSE Ltd reported a 7.4% sequential decline in net profit to ₹809.15 crore and an 8.5% drop in revenue for Q2 FY27, though operating margins remained stable at 68.7%. Despite the quarterly moderation, the exchange posted strong year-on-year growth, with net profit surging 44.9% and revenue increasing 34.1% compared to the same period last year. The company also announced leadership changes and accepted an offer from MMRDA for land in Bandra Kurla Complex to support infrastructure development. — [Source](https://www.freepressjournal.in/business/bse-q2-results-net-profit-drops-74-to-809-crore-sequentially-revenue-declines-85-even-as-operating-margins-hold-firm)
- 2026-11-04 — BUSINESSTODAY: **BSE shares fall ahead of Q2 results; earnings preview, consensus target** — BSE Ltd shares fell 2 per cent ahead of its September quarter results, with consensus data projecting a 35 per cent year-on-year jump in net profit to Rs 756 crore. Kotak Institutional Equities initiated coverage on the stock with an 'ADD' rating and a fair value of Rs 4,000, citing strong turnaround in equity derivatives and expanding index-options franchise, while noting that sustained high share of index options in revenues remains a potential risk. — [Source](https://www.businesstoday.in/markets/stocks/story/bse-shares-fall-ahead-of-q2-results-earnings-preview-consensus-target-565587-2026-11-04)
- 2026-11-04 — Mint: **MCX vs NSE vs BSE: Which is best exchange stock to buy after Q2 Results 2026? Experts' views, target price, stop-loss** — Following the Q2 FY2026 results, market experts suggest that long-term investors should prefer NSE and MCX over BSE, citing strong performance across all three exchange stocks. While NSE and BSE reported steady growth in revenue and net profit, MCX's results stood out with approximately 130% year-on-year growth in net profit for Q2 FY27. — [Source](https://www.livemint.com/market/stock-market-news/mcx-vs-nse-vs-bse-which-is-best-exchange-stock-to-buy-after-q2-results-2026-experts-views-target-price-stoploss-11793764412989.html)
- 2026-11-04 — CNBC-TV18: **Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers** — On November 4, approximately 75 companies including Nifty 50 constituents Apollo Hospitals and BSE are reporting their Q2 results alongside numerous broader market names. The article notes that stocks such as NSE, MCX, Lupin, and others are reacting to these earnings releases. This update provides a live feed of the reported numbers, management commentary, and brokerage calls for investors. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)
- 2026-11-04 — Mint: **Top stocks to watch today:  BSE, Nykaa, NSE, SBI, IEX shares in focus on Wednesday, 4 Nov | Full list** — The Indian stock market is expected to open lower on November 4, breaking a four-session winning streak, as GIFT Nifty signals a weak start for domestic benchmarks. Several stocks including BSE, Nykaa, Lenskart, NSE, SBI, and IEX are in focus due to scheduled Q2FY27 earnings releases and operational updates. Key reported results include a 23% YoY rise in NSE's PAT, a 14% growth in SBI's standalone net profit, and a 130% jump in MCX's consolidated net profit. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bse-nykaa-nse-sbi-iex-shares-in-focus-on-wednesday-4-nov-full-list-11793755813757.html)
- 2026-11-03 — Mint: **Diwali stock picks: Titan, Eternal, BSE to Adani Ports — 10 long-term bets by Motilal Oswal with up to 41% upside** — Motilal Oswal has shortlisted 10 stocks across sectors such as banking, ports, and consumer goods for the Diwali Muhurat trading session, forecasting potential returns of up to 41% over the next year. The brokerage's picks include Kotak Mahindra Bank, Adani Ports, Titan, and Eternal, with a greater weightage given to mid- and small-cap names like SPR Auto Components and Arvind. These recommendations are presented as long-term bets for Samvat 2083, though the article notes that these views belong to the analysts and not Mint. — [Source](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-titan-eternal-bse-to-adani-ports-10-long-term-bets-by-motilal-oswal-with-up-to-41-upside-11793724057631.html)
- 2026-11-03 — CNBC-TV18: **FIIs record biggest single-day buying of 2026 with nearly ₹6,900 crore inflows** — Foreign institutional investors recorded their largest single-day net purchase of 2026, injecting nearly ₹6,900 crore into Indian equities on November 3 as the Sensex and Nifty extended their rally for a fourth consecutive session. While domestic institutional investors remained net sellers with outflows of ₹3,678.85 crore, the buying surge contributed to significant gains in sectors such as fast-moving consumer goods and capital markets. Market participants note that foreign inflows may continue to support valuations as corporate earnings improve. — [Source](https://www.cnbctv18.com/market/fiis-record-biggest-single-day-buying-of-2026-with-nearly-rs6900-crore-inflows-20026310.htm)
- 2026-11-03 — BUSINESSTODAY: **Adani Ports, Eternal, Titan, Unimech Aerospace shares among brokerage's top Diwali 2026 picks** — Motilal Oswal has identified 10 stocks, including Adani Ports, Eternal, Titan, and Unimech Aerospace, as its top Diwali 2026 picks, citing growth prospects and improving profitability. The brokerage set target prices for these equities, indicating potential upside of up to 41 per cent from assessed market prices based on factors such as capacity expansion and business diversification. — [Source](https://www.businesstoday.in/markets/stocks/story/adani-ports-eternal-titan-unimech-aerospace-shares-among-brokerages-top-diwali-2026-picks-565420-2026-11-03)
- 2026-11-02 — BUSINESSTODAY: **NSE at BSE: The Celebrity Tenant and its Modest Rent Cheque** — An analysis by Dr V Shunmugam indicates that while the National Stock Exchange’s listing on the Bombay Stock Exchange provides visibility, the transaction fees generated are modest, amounting to an estimated ₹4.8 crore annually based on recent trading data. This revenue stream represents only about 2.5% of BSE’s cash market earnings and is dwarfed by its derivatives business, which generated approximately 12.5 times more revenue in 2025–26. The article concludes that BSE’s financial performance remains primarily driven by its own derivatives products rather than the high-profile tenant. — [Source](https://www.businesstoday.in/opinion/columns/story/nse-at-bse-the-celebrity-tenant-and-its-modest-rent-cheque-565173-2026-11-02)
- 2026-11-02 — The Hindu: **Markets open higher as AI selloff boosts anti-tech trade; Reliance, Tata Steel lead gains** — Indian benchmark indices Sensex and Nifty50 opened sharply higher on November 2, 2026, with the Sensex surging 783 points to 75,242.57 and Nifty50 climbing 206.80 points to 23,259.90. The rally was attributed to easing crude oil prices, declining US bond yields, and a sharp selloff in Wall Street technology stocks over AI investment concerns. — [Source](https://www.thehindubusinessline.com/markets/markets-open-higher-as-ai-selloff-boosts-anti-tech-trade-reliance-tata-steel-lead-gains/article71655271.ece)
- 2026-11-02 — Times of India: **Top stocks to buy: Stock recommendations for November 2, 2026 week - check list** — Motilal Oswal Wealth Management Research Desk has recommended BSE and Symbiotec Pharmalab as top stocks to buy for the week starting November 2, 2026. The recommendation for BSE is supported by an 85% surge in F&O notional ADTO in October 2026 and expectations of growth from a partial CAS reversal effective December 7, 2026. For Symbiotec Pharmalab, the recommendation is based on its strategic shift from steroidal APIs to an integrated platform including fermentation-led CDMO and complex injectables, with projected revenue and PAT CAGR of 33% and 37% respectively over FY26-29. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-november-02-2026-week-bse-symbiotic-pharmalab-stocks-to-buy-today/articleshow/135443421.cms)

## Business profile

**Strategic vision:** Provides market for trading financial instruments.

### Business segments
- **BSE SME:** Serves as a platform for small and medium enterprises in India.
- **BSE StAR MF:** An online mutual fund platform.
- **BSE SENSEX:** A popular equity index that functions as a stock market benchmark.
- **Asia Index Private Limited:** Provides thematic indices such as BSE Premium Consumption.

### Competitive strengths
- Operates a recognized equity index (BSE SENSEX) functioning as a stock market benchmark.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bse
Markdown representation: https://faxioms.com/stocks/bse?render=md