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Business Upturn
4 days ago
- Business
- Business Upturn
Stocks hitting 52-week highs today, June 3: BSE, City Union Bank, Garden Reach, Bharti Hexacom and more
By Aman Shukla Published on June 3, 2025, 16:00 IST Despite broader market weakness on Monday, June 3, several stocks defied the trend and touched their 52-week highs. The Indian stock market ended the day in the red, with both benchmark indices registering losses. The BSE Sensex dropped 636.24 points (0.78%) to close at 80,737.51, while the NSE Nifty 50 fell 174.10 points (0.70%) to end at 24,542.50. Here is a list of notable stocks that hit their 52-week highs today: Company Market Price Change (%) 52-Week High BSE Ltd. ₹2,764.90 +2.66% ₹2,787.80 City Union Bank ₹202.28 +1.83% ₹204.00 Solar Industries India ₹16,619.00 +1.99% ₹16,816.00 Garden Reach Shipbuilders & Engineers ₹3,150.50 +6.22% ₹3,188.70 Radico Khaitan ₹2,670.80 +4.78% ₹2,703.20 GE Vernova T&D India ₹2,340.10 +1.77% ₹2,373.00 Authum Investment & Infrastructure ₹2,473.60 +3.61% ₹2,514.50 Bharti Hexacom ₹1,887.20 +1.98% ₹1,932.00 HDFC Asset Management Company ₹4,789.50 -0.66% ₹4,939.40 Intellect Design Arena ₹1,170.70 -1.85% ₹1,209.70 Deepak Fertilisers & Petrochemicals Corp ₹1,540.10 +4.05% ₹1,594.80 Indian Bank ₹632.40 -2.14% ₹658.50 Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bharti HexacomBSECity Union BankGarden ReachStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Bloomberg
4 days ago
- Business
- Bloomberg
Indian Bourses' Turf War Over Derivatives Market Heats Up
A rivalry between India's major stock exchanges has entered a high-stakes phase, as they wrestle for control over the derivatives market in potential implications for everything from trading volumes to liquidity flows. The National Stock Exchange of India Ltd. is trying to change the expiration for listed derivative contracts from Thursday to Tuesday — a day traditionally dominated by its smaller bourse BSE Ltd. A shift could help the NSE regain market share from its rival, which has benefited after curbs by the capital markets regulator hit trading of NSE's most-popular options, pushing traders to look for alternatives at the BSE.
Economic Times
27-05-2025
- Business
- Economic Times
NSE's valuation jumps 60% with IPO looming: Sources
Anticipation of an upcoming IPO has propelled the National Stock Exchange of India's valuation to $58 billion in private markets, fueled by aggressive buying from wealthy investors. This surge coincides with efforts to resolve a longstanding legal dispute hindering listing plans. The exchange is also strategizing to regain market share in equity derivatives, aiming to surpass its competitor, BSE Ltd. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Growing hopes for a listing of the world's biggest equity-derivatives bourse have pushed the valuation of the National Stock Exchange of India Ltd. to $58 billion in private markets, according to people involved in recent investors and institutions anticipating an initial public offering as early this year have been buying the unlisted shares aggressively, two of the people said, asking not to be identified as the deals are private. With demand far outstripping supply, the stock has changed hands for as much as 2,000 rupees ($23) recently. Its valuation had already doubled in just four months to as much as $36 billion in rally coincides with efforts by the exchange to settle a longstanding legal dispute with India's securities regulator that has held up its listing plans for nearly a decade. A potential IPO would place NSE's $58 billion valuation above that of Nasdaq Inc. and would narrow the gap with Deutsche Boerse AG's $62 billion market value, data compiled by Bloomberg NSE has almost 2.5 billion shares outstanding in private markets. Some 64% of that is held by public investors — including local and foreign institutions — and wealthy individuals, according to its website. An email to the exchange's representative went robust demand for shares of the exchange has strained the already limited stock supply. At least three market intermediaries had to return the money to prospective investors after failing to deliver shares because some sellers backed out ahead of the expected IPO, according to two people familiar with the the bourse has become more aggressive in equity derivatives. After consistently losing market share to listed peer BSE Ltd. , NSE's Chief Executive Officer Ashish Kumar Chauhan recently told analysts and investors that the decline has 'run its course.' To win back ground over BSE, NSE plans to apply to change the expiration day of its derivatives contracts to Tuesday from NSE, backed by large investors like Life Insurance Corp. of India and Canada Pension Plan Investment Board, first filed papers for an IPO in 2016. The regulator's investigation into allegations that some high-speed traders gained unfair access to its co-location servers not only derailed the listing, but also led to a six-month ban from capital markets.
Time of India
23-05-2025
- Business
- Time of India
BSE Shares jump 5% post ex-bonus adjustment; investors await credit of 2:1 bonus issue
Shares of BSE Ltd ended 5% higher at Rs 2,448 on May 23 after the stock turned ex-bonus, following the company's recently announced 2:1 bonus share issue. While the stock price saw a sharp drop of around 65% in investors' demat accounts due to the adjustment, the gain reflected positive sentiment around the bonus announcement, ET reported. Investors eligible as of the record date—May 23—will receive two fully paid-up equity shares of Rs 2 each for every one share held. Under the T+1 settlement cycle, shares had to be purchased by Thursday, May 22, to qualify. The deemed allotment date for the bonus shares is Monday, May 26, with trading in the new shares set to begin from Tuesday, May 27. This marks only the second bonus issue in BSE's history, the first being in March 2022, according to Trendlyne. Despite the adjustment, BSE stock has been a stellar performer, gaining 176.81% over the past year. In the last six months, the stock is up 55.75%, with a 27.68% rise in the past three months and a 17.78% gain in the last one month. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
23-05-2025
- Business
- News18
BSE Shares Reflect Sharp 67% Fall On Certain Apps; Why Is It Falling Today?
Last Updated: 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
