SOURCE : NEW18 NEWS
Last Updated:May 23, 2025, 10:27 IST
Mutlibagger stock BSE Ltd 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 Shares Crash 67% Today?
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.
Understanding the Bonus Issue
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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.
Bonus Allotment and Listing Timeline
BSE will issue 27.46 crore bonus shares, and the deemed date of allotment is Monday, May 26. The bonus shares will be listed and start trading from Tuesday, May 27. This bonus issue was approved by the company’s board on March 30.
Strong Stock Performance Over Time
Even after the bonus adjustment, BSE Ltd’s stock remains a strong long-term performer. While it is currently down about 6% from its adjusted 52-week high of Rs 2,529.33, touched on May 20, 2025, it is still up an impressive 240% from its adjusted 52-week low of Rs 705, recorded in July 2024. Over a longer horizon, the stock has delivered stellar gains—rising more than 5,200% over the last five years, 165% in the past year, nearly 50% in the last six months, and 12% over the past month, reinforcing its reputation as a multibagger in the Indian stock market.
Robust Financial Results
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
