2:1 Bonus, 11 Dividends: BUY Exchange Stock BSE On December 13, PL Sets Intraday Target Rs 5,870

BSE Ltd, India's leading stock exchange, is an hot pick to buy during December 13th trading session. Prabhudas Lilladher has recommended buy for an intraday target price of Rs 5,870.

BSE has delivered only one bonus issue since its listing on NSE. The stock turned ex-bonus on March 21, 2022, for a bonus issue of 2:1. Simply put, BSE rewarded investors with 2 new bonus shares on their existing 1 equity.

For FY24, BSE delivered a 750% dividend worth Rs 15 per share which was final for FY24. This is higher compared to BSE's dividend payout of 600% valuing to Rs 12 per share for FY23.