EDELWEISS FINANCIAL Plunges by 7%; BSE 500 Index Up 0.2%

EDELWEISS FINANCIAL share price has plunged 7% and is presently trading at Rs 315.

Meanwhile, the BSE 500 Index is at 15,433 (up 0.2%).

Among the top losers in the BSE 500 Index today are EDELWEISS FINANCIAL (down 6.9%) and TECHNO ELECTRIC(down 5.2%).

INOX LEISURE (up 4.4%) and PVR LTD (up 4.4%) are among the top gainers today.

Over the last one year, EDELWEISS FINANCIAL has moved up from Rs 229 to Rs 315, registering a gain of Rs 86 (up 37.3%)..

The BSE 500 has moved up from 13,930 to 15,433, registering a gain of 1,503 points (up 10.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 745.2%), GRAPHITE INDIA (up 322.6%) and INDIABULLS VENTURES (up 210.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,776 (up 0.1%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 1.0%), COAL INDIA (up 0.9%) and BHARTI AIRTEL (up 0.8%). Other gainers include ONGC (up 0.8%) and ADANI PORTS & SEZ (up 0.8%). The most traded stocks in the BSE Sensex are TATA MOTORS and TATA STEEL.

In the meantime, NSE Nifty is at 11,423 (up 0.1%). HINDALCO (up 1.9%) and ZEE ENTERTAINMENT (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,274 to 37,776, registering a gain of 5,502 points (up 16.9%).

EDELWEISS FINANCIAL Financial Update...

EDELWEISS FINANCIAL net profit stood at Rs 2 billion for the quarter ended March 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 26.1% to Rs 26.1 billion during the period as against Rs 20.7 billion in January-March 2017.

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 30.9x.

This article was originally published in English at www.equitymaster.com

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