While announcing the March quarter results, the major stock exchange BSE has announced dividend. The stock exchange said in an exchange filing that the board meeting was held on May 11. It has been recommended to pay a dividend of Rs 13.50 for every share having face value of Rs 2 per share. Shareholders’ approval will be taken on this in the upcoming AGM.
Big profit for BSE
Meanwhile, BSE’s net profit in the three months to March 2022 stood at over ₹71.5 crore as compared to ₹31.7 crore in the corresponding quarter of the previous fiscal. That is, the net profit increased by more than two times. Its revenue from operations increased from ₹152 crore in the quarter ended March 2021 to ₹204.5 crore in the reporting period.
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191% return in a year
BSE shares have given multibagger returns in one year. The stock has gained over 191% during the NSE period. While the counter is up around 12% so far in 2022 (Year-to-date or YTD). Let us tell you that BSE (Bombay Stock Exchange) established in 1875 is the first stock exchange in Asia, which is one of the major exchange groups in India. The exchange was established in 1875 as ‘The Native Share and Stock Brokers Association’. In 2017, BSE became the first listed stock exchange in India. BSE’s popular equity index – S&P BSE Sensex – is India’s most widely tracked stock market benchmark index.
