BSE Shares Fall 5% Just A Day Ahead of 2:1 Bonus Issue Record Date; Change in NSE Expiry Adds Pressure

Shares of BSE Ltd tumbled sharply on Thursday, falling as much as 5.6% intraday, just a day ahead of the record date for the 2:1 bonus share issue. The decline comes amid market concerns over a possible expiry day shift by NSE, which could dent BSE's recent gains in the derivatives market.

As of 3 PM, the BSE shares was trading at Rs.6,983, down Rs. 322 or 4.41%, after opening flat. Despite today's fall, BSE shares are still up 12% in May and have rallied 48% over the last six months. Over the past year, BSE stock has delivered a massive multi bagger 168% return for its investors.

NSE's New Expiry Day Plan Could Hurt BSE's Business

The stock market regulator SEBI may soon issue new rules to fix the day when weekly trading contracts called derivatives expire on different stock exchanges, as per a CNBC report.

Right now, BSE's derivatives expire on Tuesday, and NSE's contracts end on Thursday. But now, NSE wants to shift its expiry day to Tuesday too, the same day BSE uses.

If SEBI allows this, it could be bad news for BSE. Since NSE is a much bigger player, most traders may choose NSE over BSE, which would reduce trading activity on the BSE platform. That's a setback for BSE, especially as it has been trying hard to grow its business in the derivatives segment.

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BSE Bonus Issue 2025: Record Date on May 23

Investors were eagerly awaiting the 2:1 bonus share issue by BSE, which was approved in March 2025. In a recent stock exchange filing, BSE confirmed Friday, May 23, 2025, as the record date to determine the eligibility of shareholders for receiving two bonus shares for every one share held.

This is BSE's second bonus issue after its previous bonus declaration in March 2022. While the bonus announcement was seen as a positive trigger, the near-term pressure from NSE's expiry day change has weighed on sentiment.

BSE Q4 FY25 Results Highlights

BSE recently announced robust Q4 FY25 earnings, reporting a 364% year-on-year rise in net profit. Net profit for the quarter surged to ₹493 crore, compared to ₹106 crore in Q4 FY24. Revenue from operations also jumped by 75% YoY, increasing from ₹484 crore to Rs. 847 crore.

The strong results were expected to drive bullish sentiment; however, the external headwinds have temporarily capped further upside.

BSE Dividend Announcement 2025

Along with its Q4 results, BSE declared a final dividend of Rs. 23 per share for FY25. This includes a normal dividend of Rs. 18 and a special dividend of Rs. 5 per share. The face value of the stock is Rs. 2 per share.