Motilal Oswal: BSE - Operational Beat Led By Strong Market Activity In Q2

Motilal Oswal: BSE - Operational Beat Led By Strong Market Activity In Q2

A pedestrian wearing a protective mask walks past the Bombay Stock Exchange building in Mumbai, India. (Photographer Dhiraj Singh/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.

Motilal Oswal Report

Bombay Stock Exchange Ltd.’s Q2 FY21 reported revenue was above estimates, largely led higher revenue from services to corporates.

Management’s decision to explore options to unlock from its Star Mutual Fund segment is encouraging.

Strong transactional income from the equity segment was offset by lower revenue in Star MF on one-time rate negotiation.

Cross-subsidisation by National Stock Exchange has limited monetisation opportunities for BSE in the India International Exchange and commodity derivatives segments in the near term.

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Motilal Oswal BSE Q2FY21 Result Update.pdf
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