Edelweiss Financial Services corrects on profit booking

Edelweiss Financial Services fell 3.52% to Rs 186.15 at 14:40 IST on BSE on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was down 467.07 points, or 1.30% to 35,417.34.

On the BSE, 1.12 lakh shares were traded in the counter so far compared with average daily volumes of 4.33 lakh shares in the past two weeks. The stock had hit a high of Rs 191 and a low of Rs 184.90 so far during the day. The stock hit a 52-week high of Rs 342 on 29 May 2018. The stock hit a 52-week low of Rs 128 on 26 October 2018.

 

Shares of Edelweiss Financial Services jumped 15.89% in four trading sessions to settle at Rs 192.95 yesterday, 5 December 2018, from its close of Rs 166.50 on 29 November 2018.

On a consolidated basis, net profit of Edelweiss Financial Services rose 52.80% to Rs 276.38 crore on 31.64% rise in net sales to Rs 2672.59 crore in Q2 September 2018 over Q2 September 2017.

The Edelweiss Group is one of India's leading diversified financial services conglomerates providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals.

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