BSE Shares Reflect Sharp 67% Fall On Certain Apps; Why Is It Falling Today?
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Why BSE Stock Is Falling Today? BSE Share is showing up to 67% fall in some trading apps today as all these the shares turned ex-bonus, adjusting to the corporate action
BSE Share Price Crash: Shares of BSE Ltd, a multibagger stock, appeared to crash by up to 67% on certain trading apps today. However, this is a technical adjustment, not an actual plunge in the company's value. The stock turned ex-bonus following the previously announced 2:1 bonus issue, and some platforms are showing unadjusted prices, leading to confusion among investors.
BSE announced that eligible shareholders would receive two bonus shares for every one share held, all with a face value of Rs 2. Only investors holding the stock as of the record date, May 23, are eligible for the bonus. Those purchasing the stock on or after the ex-date won't receive bonus shares.
As a result of this corporate action, BSE's share price was adjusted accordingly. Shares that closed at Rs 7,015 on Thursday opened at Rs 2,358 on Friday, reflecting the 2:1 bonus. Some apps, still displaying the previous day's price without accounting for the adjustment, showed a misleading 66–67% fall.
Post-Adjustment Price Performance
Despite the apparent drop, BSE shares actually rose over 2% on Friday, reaching Rs 2,389. This pushed the company's market capitalization to nearly Rs 96,000 crore. From an adjusted high of Rs 2,529.33 on May 20, the stock has slipped about 6%, but it remains up a staggering 240% from its adjusted 52-week low of Rs 705 in July 2024.
The company also delivered a stellar financial performance for the recent quarter. Net profit surged 362% year-on-year to Rs 494 crore, reflecting robust earnings growth. Revenue from operations rose by 75% YoY to Rs 847 crore, indicating strong business momentum. Additionally, operating EBITDA, including core SGF, tripled to Rs 594 crore, showcasing significant operational efficiency. EBITDA margins were notably strong at 70%, underlining the company's ability to maintain high profitability despite expanding operations.
Major Investor Holding
Prominent investor Mukul Mahavir Agrawal held 16,00,000 shares of BSE (1.18% stake) as of March 31, 2025. Following the bonus issue, his holdings will increase to 48,00,000 shares, though his percentage stake will remain unchanged at 1.18%, assuming no change in the overall shareholding structure.
First Published:
May 23, 2025, 10:27 IST
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