BSE shares today: Stock prices plunge 4% post being placed under ASM framework - here’s what’s happened

BSE share price plunges: BSE Ltd shares declined 4% to Rs 2,885.20 on the NSE on Wednesday after the exchange placed the stock under Additional Surveillance Measure (ASM) framework, leading to wariness amongst investors.BSE share price has increased by 116.6% over three months and 225.6% in the past year. BSE shares have risen approximately 32% in the previous month and 58.5% over six months. The substantial appreciation in share value likely prompted regulatory attention, as exchanges commonly implement ASM measures to address excessive volatility and speculation.The ASM framework serves as a regulatory instrument utilised by exchanges to supervise and regulate unusual price fluctuations.

Securities under ASM face stricter oversight and trading constraints, including elevated margin requirements and restrictions on intraday transactions, aimed at protecting investors and ensuring market stability.The inclusion follows a notable increase in BSE's share price and trading volume. Stock exchanges generally incorporate shares into the ASM category when they observe substantial price movements unsupported by fundamental factors or unusual trading patterns, according to an ET report.

BSE shares currently maintain positions above most crucial simple moving averages (SMAs), specifically the 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day markers. The stock has, however, dipped beneath the 5-day SMA, indicating recent softening in performance, the report said.The RSI reading of 80.9 exceeds the overbought level of 70, suggesting a potential downward correction. Nevertheless, the MACD maintains a strong positive value of 208.2, positioned above its centre and signal lines, which confirms ongoing bullish sentiment despite the midweek decline.BSE has demonstrated remarkable financial performance, with its recent stock surge supported by exceptional fourth-quarter results. The exchange recorded a substantial 362% year-on-year increase in net profit, reaching Rs 494 crore during January-March 2025. Operational revenue witnessed a 75% year-on-year growth to Rs 847 crore.The operating EBITDA, inclusive of core Settlement Guarantee Fund (SGF) contributions, showed remarkable improvement, rising to Rs 594 crore from Rs 95.7 crore in the previous year.

The EBITDA margins showed substantial improvement, reaching 70%.Transaction charges, which constitute a significant revenue source tied to trading volumes, increased by 112% year-on-year to Rs 612 crore, compared to Rs 288 crore in the corresponding period. Investment income improved to Rs 70 crore from Rs 55.2 crore in Q3 FY25, whilst treasury income decreased to Rs 44.3 crore from Rs 58 crore the previous year.The exchange's board announced a combined dividend of Rs 23 per share, comprising Rs 5 as a special dividend commemorating BSE's 150th anniversary and Rs 18 as the standard dividend.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)