Shares of India’s first and leading stock exchange gains 13 percent from its previous close after it revises its transaction charges for trades in the equity derivatives segment.
At 1:06 pm the shares of BSE Limited were trading at Rs. 1,681.75 up 5.80 percent from its previous day close price and its market capitalization is Rs. 21,477 Crores.
As per the company’s filing, Bombay Stock Exchange (BSE) Limited announced revised transaction charges for trades in the equity derivatives segment with effect from November 1, 2023. The new transaction fee structure is based on incremental billable monthly turnover value(Premium value).
The revised structure is as follows, transactions with turnover of upto 3 crores will be charged Rs. 500 per Crore, for turnovers of More than Rs 3 Crores upto Rs 100 Crores will be charged Rs. 3,750 per Crore and for turnovers of More than Rs 100 Crores upto Rs 750 Crores will be charged Rs. 3,500 per Crore.
Furthermore with Turnovers of More than Rs 750 Crores upto Rs 1500 Crores will be charged Rs. 3,000 per Crore, for turnovers More than Rs 1500 Crores upto Rs 2000 Crores will be charged Rs. 2500 per Crore and for turnovers Above Rs 2000 Crores will be Charged Rs. 2000 per Crore.
These changes will be particularly levied on S&P BSE Sensex, specifically the nearest or immediate expiry contracts, premium-based turnover on these nearest expiry contracts shall be calculated on a daily basis and aggregated at the end of the month.
The company’s revenue grew 8 percent from Rs. 808.93 Crores in FY22 to Rs. 874.2 Crores in FY23, accompanied by decreasing profits of Rs. 254.33 Crores to Rs. 220.67 Crores.
It has reported a return on equity (ROE) of 6.09 percent and a return on capital employed (ROCE) of 9.89 percent, it is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 0.00 percent stake, the Domestic Institutional Investors hold 8.06 percent and the Foreign Institutional Investors (FII) hold 7.90 percent.
BSE Limited is Asia’s first stock exchange and world’s fastest stock exchange with a speed of 6 microseconds, it is engaged in facilitating market/stock exchange by providing an efficient and transparent market for individuals for trading in various segments or products like equity, currencies, debt instruments, derivatives and mutual funds.
Written by: Bharath K.S
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