Zerodha Broking Made ₹44 Cr From BSE Bet Today

Shares of the Bombay Stock Exchange soared over 12% on Wednesday to hit a new 52-week high of ₹787.95.

The company just this week received a rating upgrade from analysts at ICICI Securities. The brokerage firm upgraded the stock’s rating to “add” from “hold”, raising the price target to ₹746 from ₹640.

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Zerodha Broking owns 3.72% or 5o lakh shares of the company. So, on Tuesday when the stock closed at ₹700.10, the value of these 50 lakh shares was around ₹351.03 crore. Today, with the surge, the value of these shares went up to ₹395.06 crore. An increase of around ₹44 crore.

Apart from Zerodha, Infosys Co-Founder Senapathy "Kris" Gopalakrishnan also owns a 1.18% stake in the company. The value of his holding saw an up to ₹14 crore increase.

Price Action: BSE’s share price was 9.71% to trade at ₹768.10 on Wednesday afternoon.

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Posted In: EquitiesEducationMarketsGeneralBombay Stock ExchangeKris GopalakrishnanZerodha Broking