..... . VALI disclosures . .....: 08/05/26, The stock exchange's price hit a new 52-week high on May 8, rising to Rs 3,994 apiece following strong Q4FY26 results. In its quarterly results, the company's profit jumped 61 per cent to Rs 795.47 crore.

Friday, May 8, 2026

08/05/26, The stock exchange's price hit a new 52-week high on May 8, rising to Rs 3,994 apiece following strong Q4FY26 results. In its quarterly results, the company's profit jumped 61 per cent to Rs 795.47 crore.

Following its result on Thursday, the exchange's stock surged nearly 3 per cent as it hit the upper circuit on robust earnings momentum. Over a five-year time frame the stock has surged nearly 5,000 per cent. In year-to-date, the the index delivered a robust 75.52 per cent return, while over a three-year period, it has generated 2,091.24 per cent return.

Also Read: Q4 Results LIVE Updates: SBI, Titan, ABB India, Tata Consumer, MCX, Swiggy, Urban Company among 77 major BSE, NSE companies set to declare Q4FY26 earnings today

Brokerages On BSE Q4FY26 Result

Nuvama

The brokerage noted that BSE delivered Q4FY26 index options ADPTV MS of 29.9 per cent ( over 57bp QoQ) driving up revenue by 84.7 per cent YoY/25.7per cent QoQ. Operating leverage drove up EBITDA margins by 580bp QoQ to 66.6 per cent resulting in EBITDA of Rs 10.4bn (114.9 per cent YoY/37.7 per cent QoQ), a beat of 6.2 per cent. With five expiries in Apr-26 (versus four for NSE) and sustained ADPTV of Rs 331 bn (Rs 330 bn in Mar-26), its MS surged 922bp MoM to 37.1 per cent.

"We are tweaking ADPTV estimates incorporating early STT hike impact, lifting our FY27E and 28E APAT by 12.3 per cent and 15.9 per cent, yielding a target price of Rs 4,570 (earlier Rs 3,760) i.e. PE of 45x plus 15 per cent stake in CDSL. Post-NSE listing, there shall be further upgrades in earnings. At current market price, the stock trades at FY27E and 28E PE of 45.6 times and 38.9 times; maintain 'Buy'.

Centrum

The brokerage noted that BSE has delivered another strong quarter, driven by sustained market share gains and robust growth in equity index options volumes. Revenue from operations rose 85 per cent YoY in Q4FY26 and 63 per cent YoY in FY26. Co-location revenue more than doubled in FY26, with rack count reaching 500, while BSE's diversified revenue mix continued to support growth. Key strategic priorities remain increasing non-expiry volumes, improving participation in monthly contracts, and attracting long-term institutional/FPI investors. PAT grew 61 per cent YoY in Q4FY26 and 89 per cent YoY in FY26. Dividend payout is expected to remain relatively low as the company continues to invest aggressively across technology, co-location infrastructure, and capacity expansion initiatives.

The brokerage noted that the stock is currently trading at 45 times FY28E EPS; "we now value BSE at 44x (vs 42x earlier), implying a revised target price of Rs3,902 (vs Rs3,331). However, given the recent sharp run-up in the stock price, we downgrade the stock from 'Buy' to 'Neutral'."

BSE Q4 results 2026

BSE Ltd reported a 61 per cent jump in its consolidated net profit to Rs 795.47 crore for the January-March quarter of FY26, on the back of higher income. The company had posted a consolidated net profit of Rs 493.67 crore in the corresponding quarter of the previous financial year. Revenue from operations stood at Rs 1,563.51 in Q4 FY26 against Rs 846.64 crore in the year-ago period, representing a growth of 84.67 per cent YoY.

The company's total revenue during the January-March period rose to Rs 1,630 crore from Rs 926.38 crore in the year-ago period, according to a regulatory filing. On a sequential basis, BSE's PAT increased 32 per cent in Q4 FY26 from Rs 602 crore in Q3 FY26. Th e exchange's topline grew by 26 per cent compared to Rs 1,244 crore posted in the October-December quarter of FY26.

BSE earned Rs 1,311 crore from transaction charges, recording a 114 per cent surge in the reporting quarter against Rs 953 crore posted in the year-ago period. The gains accounted for 38 per cent quarter-on-quarter against Rs 612 crore in Q3 FY26. For the full financial year 2025-26, the bourse's net profit jumped 88 per cent to Rs 2,487 crore as against Rs 1,322 crore in FY25.

The BSE said it recorded its highest-ever performance in its 150-year history in FY26, with revenue rising 59 per cent year-on-year to Rs 5,148 crore from Rs 3,236 crore in the preceding fiscal year. BSE's equity derivatives segment posted strong growth in FY26, with revenue more than doubling to Rs 3,134 crore, aided by a rise in average daily premium turnover to Rs 19,522 crore from Rs 8,977 crore in the previous financial year.

The exchange's mutual fund distribution platform, BSE StAR MF, also delivered a robust performance during the year, with revenue rising to Rs 285 crore and transactions increasing to 84.1 crore. The registered investors stood at 24.8 crore and its equity cash segment average daily turnover (ADTO) stood at Rs 7,950 crore. BSE also helped companies mobilise Rs 26.9 lakh crore in FY26.

Source: EconomicTimes
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggest readers & Investors to consult their financial advisors before making any money related decisions.)

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Trade Cycles

The four important features of Trade Cycle are (i) Recovery, (ii) Boom, (iii) Recession, and (iv) Depression!

The trades cycle or business cycle are cyclical fluctuations of an economy. A full trade cycle has got four phases: (i) Recovery, (ii) Boom, (iii) Recession, and (iv) depression. The upward phase of a trade cycle or prosperity is divided into two stages—recovery and boom, and the downward phase of a trade cycle is also divided into two stages—recession and depression.

Phases of Trade Cycle:

The phases of trade cycle are explained with a diagram:

(1) Recovery:

In the early period of recovery, entrepreneurs increase the level of investment which in turn increases employment and income. Employment increases purchasing power and this leads to an increase in demand for consumer goods.

As a result, demand for goods will press upon their supply and it shall, thereby, lead to a rise in prices. The demand for consumer’s goods shall encourage the demand for producer’s goods.

The rise in prices shall depend upon the gestation period of investment. The longer the period of investment, the higher shall be the price rise. The rise of prices shall bring about a change in the distribution of income. Rent, wages, interest do not rise in the same proportion as prices.

Consequently, the margin of profit improves. The wholesale prices rise more than retail prices. The prices of raw materials rise more than the prices of semi-finished goods and the prices of semi-finished goods use more than the prices of finished goods.

(2) Boom:

The rate of investment increases still further. Owing to the spread of a wave of optimism in business, the level of production increases and the boom gathers momentum. More investment is possible only through credit creation. During a period of boom, the economy surpasses the level of full employment and enters a stage of over full employment.

(3) Recession:

The orders for raw materials are reduced on the onset of a recession. The rate of investment in producers’ goods industries and housing construction declines. Liquidity preference rises in society and owing to a contraction of money supply, the prices falls. A wave of pessimism spreads in business and those markets which were sometime before sellers markets become buyer’s markets now.

(4) Depression:

The main feature of a depression is a general fall in economic activity. Production, employment and income decline. The prices fall and the main factor responsible for it is, a fall in the purchasing power.

The distribution of national income changes. As the costs are rigid in nature, the margin of profit declines. Machines are not used to their full capacity in factories, because effective demand is much less. The prices of finished goods fall less than the prices of raw materials.

✳Reality Tips to Traders

1)Trading in the stock market is a marathon. 2)Protecting your capital is key. (Learn to protect first) 3)Making 0 on the day is better than losing 50k 4)Losses happen; they are part of this business. 5)It’s not you vs. the market. It’s you VS you. 6)You are your biggest enemy; learn to be mentally disciplined. 7)Don’t follow the majority; follow the correct path. 8)Traders without a stop loss end up not being traders for long. 9)There is always another trade. 10)The big money is made waiting for the right set-ups. 11)Waiting for the right trade is the most powerful strategy. 12)It is better to cut a loss than to wait to be proven right. 13)Position sizing can make or break you. 14)Worry about the downside before you even think about the upside. 15)Don’t listen to headlines

..BANKING TERMINOLOGY

There are various types of Banks: PSU Banks, Private Banks, Co-operative/Regional Banks, Small Finance Banks and Foreign Banks. When you deposit money in a bank, let's say the bank gives you an interest rate of 4%. But when the bank lends out this money, they lend it out at say, 12%. The difference of 8% in the above scenario is effectively the profit of the bank! The loans that do not pay interest for 90 days are known as Non-performing Assets. Banks have to provide for such bad loans. Structure of a Bank Asset for a Bank: The asset portion of a bank's capital includes cash, government securities, and interest-earning loans (e.g., mortgages, letters of credit, and inter-bank loans). Liabilities for a Bank: The bank's main liabilities are its capital (including cash reserves and, often, subordinated debt) and deposits. The latter may be from domestic or foreign sources (corporations and firms, private individuals, other banks, and even governments). Banks are required to maintain Liquidity with the Reserve Bank of India: SLR (Statutory Liquidity Ratio): It is the money a bank needs to preserve in the form of cash, gold or government Bonds before providing credit customers. This limitation is added by RBI on banks to make funds available to customers on-demand at your earliest convenience. Banks are required to maintain SLR at 18%. CRR (Cash Reserve Ratio): Banks are required to hold a certain proportion of their deposits in the form of cash. Banks don’t hold these as cash with themselves, but deposit such amounts with RBI / currency chests. CRR rate is at 4.5% currently. Repo Rate: The rate at which the RBI lends short-term money to the banks. The RBI through its Monetary Policy committee changes the repo rate to balance growth and Inflation. Reverse Repo rate: The rate at which banks park their short-term excess liquidity with the RBI. Now let us understand various terminologies for Banks Net Interest Income (NII): This is the spread the bank makes on its lending. It is calculated as Interest Income – Interest Expended Net Interest Margin (NIM): This is the spread the bank makes on its lending. It is the earning which is left after deducting the cost paid to depositors from its yields on Loans. This is denoted in % terms. The formula is Yield on Loans – Cost of funds Capital Adequacy Ratio (CAR): The capital adequacy ratio (CAR) is a measure of a bank's available capital expressed as a percentage of a bank's risk-weighted credit exposures. Essentially, it is the Capital that is available to lend. Tier I Capital – In simple words this capital is freely available with the bank to lend out. Tier II Capital- This is the capital tied up somewhere and is less freely available to lend. In case of an adverse event, the bank can use this capital to lend. Under Basel III norms, a bank’s tier 1+tier 2 capital must be a minimum of 8% of its risk-weighted holdings. The minimum capital adequacy ratio, also including the capital conservation buffer, is 10.5%. Current Account Saving Account (CASA)- There is no interest paid on the Current Account and a small interest rate is paid on a savings account. The combination of both is called CASA which shows the liabilities of the bank on which it pays relatively less interest. Deposits: Bank deposits are a savings product that customers can use to hold an amount of money at a bank for a specified length of time. In return, the financial institution will pay the customer the relevant amount of interest, based on how much they choose to deposit and for how long. Now let us come to NPA. Gross NPA (GNPA): It is the total loans on which no payment has been paid for 90 days or more. GNPA % is usually shown in each Bank’s quarterly results. The percentage is basically the GNPA amount as a % of the total advances. Slippages: Slippages denote the fresh amount of loans that have turned bad in a year. The slippage ratio of a bank is calculated as Fresh accretion of NPAs during the year /Total standard assets at the beginning of the year multiplied by 100. Provisioning Coverage Ratio (PCR): This is the ratio of provisioning to GNPA and indicates the extent of funds a bank has kept aside to cover loan losses. For Instance, a company has GNPAs of Rs 100 and they have set aside 50 Rs, then the PCR is 50%. Net NPA (NNPA): The total figure left after deducting provisions made for bad loans from GNPA. (GNPA – Provisions+upgrades/writeoffs = NNPA) Special Mention Account (SMA) SMA-0 is a category in which stress with respect to the principal and interest has remained overdue for a period of 0 to 30 days. SMA-1 is a category in which stress with respect to the principal and interest has remained overdue for a period of 30-60 days. SMA-2 is a category in which stress with respect to the principal and interest has remained overdue for a period of 60-90 days

..... . VALI disclosures . .....

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Friday, May 8, 2026

08/05/26, The stock exchange's price hit a new 52-week high on May 8, rising to Rs 3,994 apiece following strong Q4FY26 results. In its quarterly results, the company's profit jumped 61 per cent to Rs 795.47 crore.

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Today's

08/05/26, The stock exchange's price hit a new 52-week high on May 8, rising to Rs 3,994 apiece following strong Q4FY26 results. In its quarterly results, the company's profit jumped 61 per cent to Rs 795.47 crore.

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