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Rakesh Madhav CFA

17th Nov · SEBI-Registered Analyst

📊 BSE Ltd – Exchange of Strength

CMP: ₹2,827 | Change: +2.4% | Sector: Stock Exchange Technical View:

BSE
rallied sharply earlier this week, breaking past ₹2,700 resistance before mild profit booking set in. The stock continues to trade above its 9-day EMA (₹2,670), sustaining its bullish structure. Volumes remain healthy, suggesting strong accumulation. Next resistance is at ₹2,950–₹3,050; immediate support lies near ₹2,670. Fundamental View: The surge in BSE’s share price is backed by robust Q2FY26 earnings, where profit jumped over 70% YoY due to record derivative trading volumes and margin expansion in the equity segment. With BSE regaining its position in index derivatives, volumes in Sensex & Bankex contracts have surged over 15x since April. The exchange also benefits from new product approvals and traction in mutual fund distribution and SME listings. Analyst Rating: Brokerages remain Bullish, expecting earnings CAGR above 30% for FY24–26. Target: ₹3,050 (≈8% upside) | Stop-loss: ₹2,650.

#TechnicalViews#FundamentalViews#StockInNews
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