BSE Ltd. shares are experiencing notable fluctuations in the stock market. The current share price stands at ₹3,645.95, reflecting a decrease of 3.01% from the previous close of ₹3,759.05. This drop comes amid a broader market trend where the Sensex has also faced challenges, declining by 666.25 points to reach 85,836.12.
Main Points
BSE Ltd.’s share price has seen significant volatility recently. Over the past month, the stock has gained 35.02%, while in the last three months, it has appreciated by 42.77%. However, year-to-date performance has been impressive, with a staggering 178.8% increase over the past year.
- Current Share Price: ₹3,645.95
- Previous Close: ₹3,759.05
- Day’s Change: -3.01%
- 52 Week High/Low: ₹4,200.00 / ₹1,252.65
The recent decline in BSE shares can be attributed to several factors affecting market sentiment:
- Market Trends: The overall market is under pressure with the Nifty 50 index down by 211.90 points, reflecting a broader bearish sentiment across various sectors.
- Technical Indicators: A bearish signal was noted with a moving average crossover on September 27, indicating potential downward momentum in the near term.
- Analyst Recommendations: Analysts have mixed views on BSE shares, with some suggesting a hold strategy due to recent price movements and technical indicators signaling caution.
| Metric | Value |
|---|---|
| Market Capitalization | ₹49,357.54 Cr |
| P/E Ratio | 82.16 |
| EPS (TTM) | ₹44.38 |
| Dividend Yield | 0.41% |
| Beta | -0.09 |
Today’s trading volume for BSE shares has been robust, with approximately 3,632,990 shares traded so far. The stock opened at ₹3,745 and reached a high of ₹3,771.60 during intraday trading before settling lower.
Analysts suggest that while BSE shares have shown strong growth over the past year, caution is warranted due to recent bearish signals and overall market conditions:
- Bullish Sentiment: Despite recent declines, some analysts maintain a bullish outlook based on long-term growth prospects and strong revenue performance.
- Price Targets: Current price targets set by analysts vary significantly, with some suggesting a target as low as ₹2,411 based on current trends and others recommending a hold strategy until market conditions improve.
Looking ahead, investors are advised to monitor key support levels closely:
- First Support Level: ₹3,533.72
- Second Support Level: ₹3,388.38
If these levels are breached, further declines may be expected; however, if BSE shares can maintain above these support levels amidst market fluctuations, there may be potential for recovery.
