BSE Ltd Emerges as Top-Performing Exchange Operator
BSE Ltd. has proven to be the best-performing exchange operator globally this year, with a remarkable 270% surge in its shares. This growth has outperformed major platforms like Coinbase Global Inc. and Cboe Global Markets Inc., as well as the Multi Commodity Exchange of India Ltd. The relaunch of derivative contracts on the benchmark Sensex and the banking sector gauge in May 2021 has been a significant driver of this rally. The reduced lot sizes and new expiry cycle have attracted investors, leading to an increase in the derivatives business.
Expanding Derivatives Business Fuels Growth
Analysts predict that BSE’s expanding derivatives business will contribute to a 40% annual profit increase over the next three years. This growth is expected to result in further stock gains for Asia’s oldest exchange, according to Mumbai-based brokerage Sharekhan Ltd.
Hot Take: BSE’s Meteoric Rise Continues
The unprecedented surge in BSE Ltd.’s shares this year has solidified its position as a global leader in the exchange operator space. With its focus on expanding derivatives business and attracting investors, BSE is poised for continued growth and success in the coming years.
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