EDELWEISS FINANCIAL Surges by 10%; BSE 500 Index Up 3.3%
May 20, 2019 02:32 PM

EDELWEISS FINANCIAL share price has zoomed 10% and is presently trading at Rs 169.

Meanwhile, the BSE 500 Index is at 15,291 (up 3.3%).

Among the top Gainers in the BSE 500 Index today are EDELWEISS FINANCIAL (up 10.0%) and INDIABULLS HOU. FIN. (up 13.3%).

TEJAS NETWORKS LTD (down 0.1%) and ERIS LIFESCIENCES LIMITED (down 0.1%) are among the top losers today.

Over the last one year, EDELWEISS FINANCIAL has moved down from Rs 313 to Rs 169, registering a loss of Rs 144 (down 46.0%).

On the other hand, the BSE 500 has moved up from 14,763 to 15,291, registering a gain of 528 points (up 3.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 139.0%), DCM SHRIRAM (up 120.1%) and ADANI POWER (up 107.1%).

What About the Benchmark Indices?

The BSE Sensex is at 39,337 (up 3.4%).

The top gainers among the BSE Sensex stocks today are SBI (up 7.8%), INDUSIND BANK (up 6.5%) and L&T (up 6.4%). Other gainers include HDFC (up 6.2%) and YES BANK (up 6.1%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,822 (up 3.3%). INDIABULLS HOU. FIN. (up 12.6%) and SBI (up 7.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 39,337, registering a gain of 4,188 points (up 11.6%).

EDELWEISS FINANCIAL Financial Update...

EDELWEISS FINANCIAL net profit down at Rs 2 billion for the quarter ended March 2019, compared to a loss of Rs 3 billion a year ago. Net Sales rose 5.8% to Rs 29.4 billion during the period as against Rs 27.8 billion in January-March 2018.

For the year ended March 2018, EDELWEISS FINANCIAL reported 56.5% increase in net profit to Rs 8.6 billion compared to net profit of Rs 5.5 billion during FY17.

Revenue of the company grew 30.2% to Rs 86 billion during FY18.

The current Price to earnings ratio of EDELWEISS FINANCIAL, based on rolling 12 month earnings, stands at 14.8x.