NSE IPO News Triggers 38% Rise in BSE Ltd Share Price
BSE Ltd Share Price: BSE Limited is one of the companies whose share prices have seen a rise last week. The reason behind the rise in the price of this stock is believed to be NSE IPO. There is a buzz in the stock market that NSE IPO may knock in the coming time. This is the reason why the shares of BSE Limited are continuously rising.
38% return in a week
The company’s shares opened at Rs 3,735 on Friday on NSE. After some time, the price of the company’s shares rose by 9 percent to reach Rs 4,050. At the time of market closing, the company’s shares were at Rs 3,984.85 with a rise of 7.3 percent. Last week, BSE Limited’s share prices have seen a rise of more than 38 percent.
If NSE’s IPO comes, it will have to be listed on BSE. According to the rules of the Indian stock market, there is no self-listing. This is the reason why the news of this IPO gave wings to BSE shares.
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NSE got good news last week
The last week has been good for NSE. During this time, SEBI has given clearance to the company and some of its former officials in the market access case. This case was in 2010. Ever since this decision of SEBI has come, the discussions of NSE IPO have gained more momentum.
BSE stock has been roaring for a year
BSE Limited’s share prices have seen an increase of 80 percent in the one year. Let us tell you, the company’s 52-week high is Rs 4,050 and the 52-week low level is Rs 1,154.80.
Now it has to be seen how BSE’s stock performs this week in the coming week. If experts are to be believed, everyone’s view is bullish.
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(Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. BseNseIPO never advises anyone to invest money here.)
