NSE hits ₹1,953.95 high, market value tops $50 billion
Business
NSE's stock just hit a new high of ₹1,953.95, pushing its market value past $50 billion at the day's high.
This jump comes even as the company faced some recent financial bumps, proof that investor confidence is still strong.
NSE last quarter transactions down 16%
Last quarter, NSE saw a 16% drop in transactions and a 17% fall in net profit, as income from treasury investments declined 30% to ₹479 crore, mainly because trading volumes and equity options took a hit.
Still, commodity derivatives (especially crude oil) helped balance things out with a big boost.
Despite these ups and downs, top brokerages like Kotak and JPMorgan are staying positive about NSE's future thanks to its market leadership and hopes for recovery ahead.