BSE Q1 Review - Strong Business Momentum From Macro Tailwinds As Well As Executions: ICICI Securities

BSE Q1 Review - Strong Business Momentum From Macro Tailwinds As Well As Executions: ICICI Securities

The Bombay Stock Exchange (BSE), right, stands on Dalal Street in Mumbai. (Photographer: Vivek Prakash/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

BSE Ltd.'s Q1 FY22 transaction charges grew at robust pace of 93% led by strong growth in volumes.

Equity cash average daily turnover / revenue grew 52% / 179% on account of revision in transaction charges.

Interoperability aided improvement in cash market share for BSE.

Introduction of weekly options with Monday expiry has helped the exchange gain market share in equity derivatives segment.

Revenue from currency derivatives segment grew 8% QoQ.

BSE StAR MF platform transactions grew 90% while revenue declined 30% YoY due to lower realisations.

Commodity options clocked strong revenue growth; however, the exchange has abstained itself to charge in this segment.

Charging in this segment will be growth optionalities going forward.

Click on the attachment to read the full report:

ICICI Securities BSE Q1FY22 Results Update.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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