Edelweiss Financial Services corrects on profit booking
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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