New Delhi: The Indian stock market has been recording a downfall since September 2024. At a time when investors are skeptical about investing in the market, Goldman Sachs purchased shares of BSE Ltd., the company that operates the country’s second largest stock exchange. The global financial services company bought stocks worth Rs 401 crore.
Goldman Sachs is a leading company in the banking and financial services sector. It made the purchase on February 19, 2025 through an open market transaction.
According to the information available on the National Stock Exchange (NSE), the US-based Goldman Sachs purchased 7.28 lakh shares of BSE through its Singapore branch. BSE shares were purchased at an average price of Rs 5,504.42 per share. Thus, roughly the value of this deal was Rs 401.19 crore.
Despite the decline in the BSE stock market, the effect of this block deal was visible. The stock surged 8.14 percent on 19th February. On February 20, the counter was trading with nearly 3 per cent gains at Rs 5,787 apiece at 11:05 am. In the last one month, BSE share price has fallen by only 6.21 per cent.
BSE Ltd share price history
BSE shares have turned out to be a multibagger as it gave a return of 143 percent in the last one year. At the same time, if we consider a time frame of the last 6 months, when the benchmark indices Sensex and Nifty have given negative returns, the BSE stock has given a bumper return of about 110 percent during this period.
Similarly, if we look at the performance of BSE Ltd shares in the last 5 years, there has been a jump of 3,165.50 per cent. At the same time, during this period, Sensex has increased by 84 percent and Nifty surged 89 percent.
BSE Ltd Q3 2024-25 Results
BSE Ltd announced its Q3 Results of 2024-25 on February 6. The company reported a jump of 100 per cent in its net profit as compared to the third quarter of 2023-24. In the October-December quarter of the current fiscal, the company posted Rs 220 net profit, while it was Rs 108.2 crore in the year ago period.
The revenue in the third quarter of 2024-25 was recorded at Rs 835.4 crore. It was Rs 431.4 crore in the same period of the last financial year.
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Goldman Sachs has purchased BSE Ltd shares. The BSE stock jumped 3,165.50 per cent in the last 5 yars and has given over 100 per cent in the last six months. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
