India's BSE hits record high after strong fourth-quarter earnings

BSEL Algo

07/05/2025 06:35

** India's BSE BSEL.NS jumps 9.6% to hit lifetime high of 6,847.5 rupees

** Stock exchange's consolidated revenue up 10% q/q in Q4, while net profit doubles on reversal of settlement guarantee fund provision and market share gains

** At least three brokerages raise earnings estimate and target price for BSEL post earnings

** Options premiums have expanded over past two qtrs and can continue to grow well over FY2026-FY2028, says Jefferies

** Raises PT for stock to 7,000 rupees from 5,250 rupees earlier

** YTD, BSEL up 28.6%

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))