The Bombay Stock Exchange or the BSE has the largest number of listed companies in the world. As on Oct 10, 2019, the number of companies listed on the BSE were 4,744. However, it is not as if that all listed companies on the BSE are traded.
Currently, as many as many as 678 companies are suspended, thus leaving the number of companies to be listed and traded at 4,066.
The current market capitalization of the BSE is Rs 1,44,32,479.80 crores. It is interesting to note that the number of companies with pledged promoter holdings is as much as 2,938. This is not a small number by any count.
Is it possible for a listed company to get de-listed?
A company can either get voluntarily de-listed or there are various reasons why a company may get suspended. In the past there have been many shareholders who have been completely trapped as the company have stopped trading.
Sometimes, a company performs badly and turns bankrupt and its shares stop trading. These shares turn illiquid and this does considerable damage to the shareholders of the company.
Is the BSE or the NSE bigger?
In terms of the total traded value and volume, the NSE or the National Stock Exchange is much bigger. However, the number of listed firms on the BSE are much more than the NSE. Both these exchanges have been very important and integral part of the capital markets of India. In fact, they are two of the biggest exchanges and the BSE is the oldest exchange in the country.
You can buy and sell shares only through a recognized member of one of the stock exchanges in the country. These members are brokers of the exchanges. On the other hand shares in a company are held by the depository participants in the electronic form for the shareholders who have bought shares through the recognized exchanges in the country.
Story first published: Friday, October 11, 2019, 10:31 [IST]