In a remarkable surge, the National Stock Exchange (NSE) witnessed a staggering 35% jump in its unlisted market shares this week, propelled by the recent announcement of a 4:1 bonus issue. Last week, these shares were trading between ₹4800, but as of now, they are commanding at a price of ₹6500.
With a valuation of ₹2.73 lakh crore or approximately $33 billion at ₹5,500 per share, the NSE now claims the prestigious position of the world's seventh most valuable stock exchange, trailing Nasdaq's market capitalization by a slender margin of just $1 billion.
Comparatively, the Intercontinental Exchange and CME Group boast valuations of $77 billion and $76 billion respectively. The London Stock Exchange, Hong Kong Exchanges, and Deutsche Boerse AG fall within the valuation range of $38 billion to $60 billion.
This year alone, NSE shares have skyrocketed by an impressive 91%. The recent announcement of a bonus issue, offering four shares for every share held by investors as of the record date, provided a substantial boost to the already buoyant momentum in NSE shares.
Such bonus issues are commonly employed by companies to augment stock liquidity and lower per-share prices, thereby enhancing accessibility for a broader spectrum of investors.
In its latest financial report, NSE disclosed consolidated revenue from operations at ₹4,625 crore for the March 2024 quarter, marking a robust 34% increase year-on-year. Furthermore, its net profit surged by 20% to ₹2,488 crore during the same period. For the fiscal year ending March 2024, NSE reported a net profit of ₹8,306 crore, reflecting a significant 13% year-on-year growth, with revenues totaling ₹14,780 crore, representing a substantial 25% increase.
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