Mukul Agrawal bought 20,00,000 shares and Quant Mutual Fund bought 25,05,616 shares of this multibagger stock; scrip hit 52-week high!
The stock gave 245 per cent returns in just six months and a whopping 990 per cent in three years.
Indian stock markets declined on Monday, with the two main indices, the BSE Sensex and NSE Nifty-50, both losing over 1 per cent each. Other indices also fell, with the BSE Mid-Cap and BSE Small-Cap indices down 2.51 per cent and 4.18 per cent respectively. Over 1,275 stocks lost 3 per cent or more on October 23, 2023.
While the stock market as a whole declined, one stock soared, gaining 13.24 per cent and reaching an intraday high & 52-week high of Rs 1,798 per share. At the close of trading, the company's stock was trading at Rs 1,695 per share, up 6.75 per cent, with a volume of 71,14,067 shares traded.
The multibagger stock name is BSE LTD.
Bombay Stock Exchange (BSE Ltd) is an Indian Stock Exchange located at Dalal Street in Mumbai. The company facilitates a market for trading in equity, currencies, debt instruments, derivatives, and mutual funds. BSE Ltd, the first-ever stock exchange in Asia, was established in 1875. It is the Fastest Stock Exchange in the world with a speed of 6 microseconds and is one of India's leading exchange groups.
In the September quarter of fiscal year 2024, several ace investors and mutual funds bought shares in the company. Here are the details:
In the September quarter of the fiscal year 2024, an ace investor, Mukul Agrawal bought 20,00,000 shares or 1.5 per cent stake and a mutual fund, Quant Mutual Fund – Quant Business Cycle Fund bought 25,05,616 shares or 1.9 per cent stake in the company. Additionally, Tata AIA Insurance Company Ltd bought 27,01,495 shares of a 1.99 per cent stake in the company in the same quarter.
BSE Ltd has a market cap of Rs 22,947 crore and has been maintaining a healthy dividend payout of 70.2 per cent. The company reported amazing numbers in its Quarterly Results and annual results. In Q1FY24, the net sales increased by 34.71 per cent to Rs 260 crore and net profit skyrocketed 1,000 per cent to Rs 440 crore compared to Q1FY23.
The stock gave 245 per cent returns in just six months and a whopping 990 per cent in three years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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