So, BSE I had originally bought in may of last year from 520 till 700 and then foolishly sold it at around 1200 odd.
Missed buying it again at 2200 two months back.
This was a opportunity to buy it back for me and me making amends for selling it early like a fool.
The Rationale is simple. The BSE thread has great insights and details I do not want to repeat here.
My outlook is even lets say the markets slow down and derivates volumes cut by 25% we are still looking at it doing 1000-1100 CR topline and 600 Cr bottomline at worst estimates.
BSE cash turnover has started going up and I am hopefull will stay strong.
At 50x PE it’s still cheap for something which has a long runway ahead even in bad times.
Equity markets have just started to take hold in India at a mass level. The management is aggresive and launching new products.
There will be redflags out there like this sudden penalty but I believe its more of a buy on dips opportunity.
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