The numbers are largely in line with the expectation with stand alone profit hitting 500 Crore for the first time - excellent performance by BSE once again:
Results snap shot below:
The way Q3 is progressing, i wont be surprised if the revenue and profits go up by another 15-20% from current level.
One interesting observation is that the company has spent in excess of 300 Crore in capital expenses during the first half of the year - it would be a good data point to seek explanation from management.
Based on the response from the investor relations team on call, this amount is primarily invested into the building( Phiroze Jeejeebhoy Towers) upkeep and colocation. The process is not yet complete at this stage and the management expect to continue investing into the building for over the next one year - the management was not comfortable sharing the total budget for this project - I’m assuming another 500 crore towards this.
AJ
Disclaimer: Remain invested - no recent transactions. Consider my views as biased.
Broking Association Wants to Bring Back Bank Nifty Weekly Expiry on Thursdays, denting yet again BSE Volumes. They have asked SEBI, and as of now, nothing is clear yet.
They could ask for any day other than Thursday.
I hope SEBI doesn’t give a nod to this, and if it does, it should be some other day and eventually bring back Bankex expiry on some other day so we are back to the good old days of 4 expiry in a week.
Read this Article for a full discussion on this topic
Yes, that’s a given, but BNF is a more loved product than Sensex.
So if they clash on Thursday, BNF will be more traded than the Sensex
Even if They Bring Back Bankex to Rival Nifty on Tuesday, everyone knows it’s not going to win.
It’s better if we have 4 expiries on 4 different days. But then again, it will bring back the story of the daily expiry fiasco. Let’s see what SEBI does next.
@Thomala_Sainath I’m hoping for Monday (Bankex), Tuesday (Nifty), Wednesday (BNF) and Thursday (Sensex)
This has to be an Ideal scenario @karanshah137 4 expiries in each week. I doubt whether they will do it or may be they do it and monitor in a more robust manner. The idea must be to create a balance for everyone(Market participants)
Also I assume the decision makers have all the required data in their sight. Let’s see.
