Edelweiss share price is one of the top performing multibagger stocks in today’s trading session.
The Edelweiss Group is one of leading diversified financial services company of India providing a broad range of financial products as well as services to a substantial and diversified client base that includes corporations, institutions and individuals.
The products and services of the company span multiple asset classes as well as consumer segments across domestic and global geographies. The businesses are broadly divided into Credit Business (Wholesale Credit comprises of Structured Collateralized Credit to Corporates, Real Estate finance and Distressed Assets Credit. Retail Credit comprises of housing finance, loan against property, LAS, SME and Agri Finance, and Rural Finance), Non-Credit Business (Capital Markets, Wealth Management, Asset Management and Agri Services) and Life Insurance. The Balance Sheet Management Unit operations manage the liquidity and Balance Sheet.
For the quarter ended 30th September 2016, the company reported Total Income from Operations of Rs 93.41 crores against the Rs 92.88 crores for the previous quarter, marking a marking a marginal rise.
The PAT of the company for Q2FY17 was Rs 8.82 crores, showing a drop from Rs 11.52 crores for Q1FY17. The EPS also dropped from 0.14 for Q1FY17 to 0.11 for Q2FY17 (all are Standalone numbers).
Edelweiss share price is currently at Rs 89.10, up by 7.61 per cent or 6.30 points on NSE. Compared to the 20 days daily average volume of 1015748, by 12.45 PM today, already 14,40,291 shares have been traded on NSE. The total trading value is Rs 1,249.88 lacs.
The share has a major resistance level at 96.90 and there is a major support level at 77.15.
Edelweiss is recommended as one of the multibagger stocks by Dynamic Levels research team. Get the historical share price performance of Edelweiss at Edelweiss share price history.
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