Strong Price Momentum and Market Outperformance
On 10 Feb 2026, BSE Ltd’s stock surged by 6.11% in a single trading session, significantly outperforming the Sensex, which recorded a modest gain of 0.33%. This upward momentum is further highlighted by the stock’s outperformance of its sector by 5.03% on the same day. The stock is trading comfortably above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bullish sentiment among market participants.
Over various time horizons, BSE Ltd has consistently outpaced benchmark indices. Its one-week gain stands at 10.72% compared to the Sensex’s 0.72%, while the one-month performance is an impressive 18.65% against the Sensex’s 0.91%. The three-month return of 20.65% dwarfs the Sensex’s 0.96%, and the one-year performance of 68.77% far exceeds the Sensex’s 9.09%. Year-to-date, the stock has appreciated by 20.33%, contrasting with the Sensex’s decline of 1.03%.
Longer-term returns are even more striking. Over three years, BSE Ltd has delivered a staggering 1796.38% return, vastly outperforming the Sensex’s 38.99%. The five-year return of 4699.62% further cements its status as a market leader, although the ten-year return is recorded as 0.00%, which may reflect data availability or a change in listing status.
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Robust Financial Performance Underpinning Growth
BSE Ltd’s ascent to its all-time high is supported by exceptional financial metrics. The company reported its highest quarterly net sales at Rs.1,244.10 crores, accompanied by a record PBDIT of Rs.732.14 crores and a PBT less other income of Rs.705.48 crores. These figures reflect a strong operational performance that has been consistent over the last 12 consecutive quarters, demonstrating the company’s ability to maintain positive results over an extended period.
Annual growth rates further illustrate the company’s strength. Net sales have expanded at an impressive compound annual growth rate of 43.80%, while operating profit has surged by 98.37%. Net profit growth is even more pronounced, with an increase of 191.06% reported in the latest results for December 2025. This robust profitability is complemented by a healthy average Return on Equity (ROE) of 16.81%, indicating efficient capital utilisation and value creation for shareholders.
Institutional investors hold a significant stake of 41.27% in BSE Ltd, reflecting confidence from entities with extensive analytical resources. Notably, institutional holdings have increased by 5.03% over the previous quarter, signalling sustained interest from this segment.
Market Recognition and Quality Ratings
BSE Ltd is distinguished by its high MarketsMojo Mojo Score of 90.0, earning it a Strong Buy grade as of 6 Feb 2026, an upgrade from its previous Buy rating. This places the company among the top 1% of all 4,000 stocks rated by MarketsMojo, ranking first across all Mid Cap stocks and the entire market. Despite a Market Cap Grade of 2, the company’s consistent returns and strong fundamentals have solidified its reputation as a leading stock in the Capital Markets sector.
Valuation and Risk Considerations
While BSE Ltd’s valuation metrics reflect its premium status, they remain within reasonable bounds relative to peers. The company’s Price to Book Value stands at 23.3, indicative of a very expensive valuation, supported by a high ROE of 34.6. The Price/Earnings to Growth (PEG) ratio is 0.6, suggesting that earnings growth is favourably priced into the stock. Over the past year, profits have risen by 118.3%, outpacing the stock’s 68.77% return, which may indicate room for valuation adjustment depending on market conditions.
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Consistent Outperformance and Market Leadership
BSE Ltd’s performance over the last three years has been extraordinary, generating returns of 1796.38%, vastly exceeding the BSE500 index and the broader Sensex. The company has outperformed the BSE500 in each of the last three annual periods, highlighting its ability to deliver consistent shareholder value. This sustained outperformance is a testament to the company’s strategic positioning and operational excellence within the Capital Markets sector.
The stock’s year-to-date return of 20.33% contrasts sharply with the Sensex’s decline of 1.03%, further emphasising its resilience and appeal in varying market conditions. The company’s strong fundamentals, combined with high institutional ownership and positive quarterly results, have contributed to this sustained upward trajectory.
Summary of Key Metrics
BSE Ltd’s all-time high price of Rs.3154.1 is supported by a comprehensive set of strong financial and market indicators:
- Mojo Score: 90.0 (Strong Buy, upgraded from Buy on 6 Feb 2026)
- Market Cap Grade: 2
- Institutional Holdings: 41.27%, increased by 5.03% over last quarter
- Net Sales (Quarterly): Rs.1,244.10 crores (highest recorded)
- PBDIT (Quarterly): Rs.732.14 crores (highest recorded)
- PBT less Other Income (Quarterly): Rs.705.48 crores (highest recorded)
- Average ROE: 16.81%
- Price to Book Value: 23.3
- PEG Ratio: 0.6
These figures collectively illustrate a company that has not only achieved a significant price milestone but has done so on the back of solid and improving fundamentals.
Conclusion
BSE Ltd’s attainment of an all-time high price of Rs.3154.1 marks a significant milestone in its market journey. The company’s strong financial results, consistent quarterly performance, and robust institutional backing have underpinned this achievement. Its exceptional returns over multiple time frames and top-tier ratings from MarketsMojo further highlight its leadership position within the Capital Markets sector. While valuation metrics indicate a premium status, the company’s growth and profitability metrics provide a solid foundation for its current market valuation.
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