Page 35 - Bse

BSE shares soar 8%, hit record high on 4x jump in Q2 profit

The board of directors of BSE has approved the fund infusion of Rs 22.36 crores in India India INX and Rs 33.88 crore in India International Exchange (IFSC)

BSE Q2 net profit jumps to Rs 118 crore, revenue at record Rs 367 crore

Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement. The bourse's revenue rose 53 per cent to a record Rs 367 crore in the July-September quarter of the current financial year (FY24), from Rs 240 crore in the year-ago period. "We shall continue to invest in development of human resources, new products, technology infrastructure, etc, and thus pursue long-term growth shareholders and deliver on our mission of Vibrant BSE 2025," the exchange's MD & CEO, Sundararaman Ramamurthy, said. The exchange's average daily turnover in the equity segment increased to Rs 5,922 crore in the quarter under review, from Rs 4,740 crore in three months ended September 2022. Also, the board of directors of BSE in their meeting on Friday have approved the fund infusion of Rs 22.36 crores in India International .

Black Box reports Rs 32 crore profit after tax in July-September quarter

Sustained momentum in new project bookings to the tune of $80 million during the quarter leads to a robust order backlog, said a company statement

Sensex down a tad on unabated foreign fund outflows, weak global trends

Benchmark Sensex declined by 143 points on Thursday amid continuous foreign fund outflows and mixed trends from global markets. In a volatile trade, the 30-share BSE Sensex declined 143.41 points or 0.22 per cent to settle at 64,832.20. During the day, it fell 206.85 points or 0.31 per cent to 64,768.76. The Nifty dipped 48.20 points or 0.25 per cent to 19,395.30. Among the Sensex firms, Hindustan Unilever, Tech Mahindra, Infosys, Reliance Industries, Bajaj Finance, Tata Consultancy Services, Titan and UltraTech Cement were the major laggards. Mahindra & Mahindra, Power Grid, IndusInd Bank, Tata Motors, Larsen & Toubro and Maruti were among the gainers. In Asian markets, Seoul, Tokyo and Shanghai settled in the positive territory while Hong Kong ended lower. European markets were trading mostly in the green. The US markets ended on a mixed note on Wednesday. "Reflecting the mixed global sentiments, the Indian market is mired in a range-bound trend with the Nifty index not able

HCL Infosystems posts Rs 5 crore profit in Q2 on exceptional gain

HCL Infosystems on Tuesday reported a net profit of Rs 4.84 crore for September quarter 2023-24, helped by exceptional items gain. In the year-ago period, the company incurred a loss of Rs 10 crore. Total income in the quarter was Rs 14.5 crore. In the year-ago period, it was Rs 13.68 crore, according to a BSE filing by the company. Revenue from operations in the quarter under review stood at Rs 5.99 crore. In the year-ago period, it was Rs 6.93 crore. "HCL Infosystems registers Rs 5.99 crore revenue with operating loss of Rs 7.12 crore in Q2FY24," the company said. Systems integration and solutions business reported revenue of Rs 4.91 crore. The profit before tax after considering exceptional items was Rs 4.84 crore. The exceptional item gain was at Rs 11.9 crore in Q2FY24. "As stated in our earlier releases, the company has initiated arbitration proceedings against certain customers where acceptance, sign-offs and payments are held up for a long time," the company said. It ad

MAN India secures new orders worth Rs 380 cr, shares hit 52-week high

MAN Industries (India) Ltd on Monday said it has secured new orders worth Rs 380 crore. The current order book of the company has reached Rs 1,400 crore, MAN Industries (India) said in a statement. The current order book is to be executed within the next six months, it added. Shares of the company surged by more than 9 per cent to hit a 52-week high of Rs 256.80 on BSE following the announcement. Around 1.24 lakh shares were traded on the exchange. On NSE, the stock surged 9.51 per cent to hit a year high of Rs 257.30 as more than 14 lakh shares changed hands on the exchange. Shares of the company were trading 6.98 per cent higher at Rs 250.75 on BSE and 6.38 per cent higher at Rs 249.95 on NSE in the pre-close session. MAN Industries (India) Chairman R C Mansukhani said that these new order wins will further solidify the company's role as a significant contributor to the nation's growth and development. MAN Industries (India) is one of the largest players in LSAW (longitudinal .

BoB's former chief digital officer Akhil Handa says he was not terminated

On October 31, 2023, BoB, in a filing with BSE, had said that Kadgatoor Sheetal Venkatesmurt will handle this charge in addition to her role as head of digital channels and operations

Aditya Birla Capital Q2FY24 result: Net profit at Rs 705 cr; income up 13%

Aditya Birla Capital Q2 result: The company's revenue from operations was up 13.04 per cent to Rs 7,720.66 crore during the quarter under review against Rs 6,829.82 crore last year

Stock of this exchange and data platform firm has zoomed 114% in 9 weeks

Shares of BSE hit a new high of Rs 1,945.90 today and have rallied 23% in the past six days after revision in transaction charges for Sensex Options, effective from November 1

Strides Pharma Q2 net loss at Rs 149 cr, revenue crosses Rs 1,000 cr

Total income, however, rose to Rs 1,035 crore in the second quarter as compared to Rs 920 crore in the year-ago period, Strides Pharma said in a regulatory filing

HDFC Securities sees BSE sustaining 3 times gains on derivatives boost

Shares of BSE on Thursday closed at a new record high of Rs 1,545, with a gain of 3.85 per cent over its previous close

Sensex down 342 pts, banking shares weigh on indices; Infosys down over 2%

Key Asian indices were in the red and Hong Kong's Hang Seng Index dropped more than 2 per cent

From October 16, Bankex derivatives expiry date to shift to Monday

The exchange had chosen Friday as the expiry day for its relaunched Sensex and Bankex futures and options contracts to differentiate from market leader NSE

Indian shares extend gains as US rate woes ease, TCS results eyed

The NSE Nifty 50 index settled 0.62% higher at 19,811.35, while the S&P BSE Sensex rose 0.60% to 66,473.05

NSE, BSE kick off World Investor Week 2023 to boost investor knowledge

Leading stock exchanges NSE and BSE on Monday kicked off World Investor Week 2023 to boost investor knowledge and promote responsible investing. World Investor Week 2023 (WIW) -- an initiative led by the Securities Exchange Board of India (Sebi) and the International Organization of Securities Commissions (IOSCO) -- is being celebrated from October 9 to October 15, the exchanges said in separate statements. The initiative is a global campaign that promotes investor education and protection. It provides an opportunity for stock exchanges, regulators, and other financial institutions to engage with investors, raise awareness about the importance of investor education, and highlight the various opportunities available in the financial markets. As part of this initiative, the bourses rang the closing bell on Monday to mark the beginning of World Investor Week 2023. "World Investor Week is an important occasion for us to reaffirm our dedication to investor protection and education," NSE

Over 3 million demat accounts opened in Sept for second consecutive month

The country's two depository firms, Central Depository Services and the National Securities Depository, added about 3.1 million new accounts

BSE to launch options on WTI crude oil, Brent crude oil futures on Oct 9

Leading stock exchange BSE on Friday said it will launch options contracts on underlying WTI crude oil and Brent crude oil futures from October 9. In addition, the exchange will introduce Futures contracts on base metals such as copper, zinc, aluminium. These commodity contracts will provide market participants, particularly corporates, value chain participants and foreign portfolio investors, an efficient way to manage their commodity price risk against volatility, BSE said in a statement. Earlier, the stock exchange introduced Brent crude oil futures contracts in the commodity derivatives segment. Earlier in the day, the National Stock Exchange (NSE) announced that it will launch options contracts on underlying WTI crude oil and natural gas futures in the commodity derivatives segment from October 9. Separately, BSE said that Investor Risk Reduction Access (IRRA) has been made accessible to trading members across exchanges from October 3. The platform will help investors in cas

Small stocks lag behind in FY23, take bigger hit than bluechip firms

Small stocks have lagged behind the equity benchmark Sensex in 2022-23, falling nearly 6 per cent amid a host of negative factors like higher interest rate regime, high inflation and the Russian-Ukraine war. According to market analysts, it was a tumultuous year for the Indian equity market. The Russian-Ukraine war made the first quarter of the Indian equity market particularly difficult, but the second and third quarters witnessed a respectable rebound, they noted. Headwinds such as high inflation, the Russia-Ukraine war and higher interest rates hit investors' appetite for small stocks. With just one day of trading left in the current fiscal, the BSE smallcap gauge has fallen by 1,616.93 points or 5.73 per cent so far in 2022-23. The midcap index is down 270.29 points or 1.12 per cent in the 2022-23 financial year. In comparison, the BSE Sensex has declined 608.42 points or 1.03 per cent. "Many factors contributed to the underperformance of the Indian stock market in FY23. The

Advance-decline ratio improves in Sept despite FPI pullout, shows data

Despite the S&P BSE 500 Index dipping nearly a per cent in August, the ADR was at 1.11 amid a strong rally in midcap and smallcap stocks

Harvesting volatility: Trading volumes in September ripe for the picking

BSE's market share in the cash segment stood at 6.92 per cent