If approved, this would be BSE’s second bonus share issue since March 2022, when it allotted two bonus shares for every one share held by investors.
In line with regulatory requirements, BSE said the trading window for dealing in its securities will remain closed from Wednesday, March 26, through Tuesday, April 1. The trading window will also remain shut from April 1 until 48 hours after the declaration of financial results, the company said in the filing.
BSE shares have gained 103.6% over the past year and climbed 7.91% in the last week. The stock, listed on the National Stock Exchange, has declined 17.89% in the past three months but remains up 16.59% over the last six months.
Technical indicators show the stock is trading below five of its eight key simple moving averages but holds above the 10-day, 20-day, and 200-day averages. The 14-day Relative Strength Index stands at 49.9, indicating neutral momentum.
Also read | Sensex falls! But these stocks rallied over 15% on BSE in today’s trade(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
