BSE Shares Surge 4% after Goldman Sachs Buys Stake for ₹401 Crore

BSE shares soared for the second consecutive session on February 20, surging over 4% in the intra-day after Goldman Sachs acquired a stake in the leading stock index.

As per NSE data, Goldman Sachs (Singapore) Pte bought 7.28 lakh shares of BSE at a value of ₹401.19 crore. Soon after this development, BSE shares rallied by 3.8% at ₹5,845 apiece. In fact, during the last two sessions the stock has gained by almost 13%. In the last one year, the stock has witnessed an uptick of 145%.

Q3 Performance

During Q3, the company posted a two-fold increase in its net profit clocking ₹220 crore, compared to ₹108.2 crore in the year-ago period. It has also achieved its highest-ever quarterly revenue, which stood at ₹835.4 crore in Q3FY25, up 94% YoY from ₹431.4 crore in the corresponding quarter of the previous year.

Sundararaman Ramamurthy, Managing Director and Chief Executive Officer of BSE said, “Throughout 2024, BSE demonstrated focus and resilience amidst challenges on the business and regulatory front by introducing new products and market enhancements and expanding our strategic footprint.”