83.2300 -3.79 (-4.36%)
NSE Apr 25, 2025 15:31 PM
Volume: 5.9M
 

83.23
-4.36%
Rakesh Jhunjhunwala stock Edelweiss Financial Services' strong earnings a boost to his portfolio

Superstar investor Rakesh Jhunjhunwala marginally increased his stake in Edelweiss Financial Services in the past few months, by 0.05%, bringing his total holding to 1.1% of the company, a stake worth over Rs. 290 crore. The faith paid off - Edelweiss saw its share price rise after declaring Q3 results, where the firm reported a 52.33% jump in consolidated net profit YoY in the December quarter. The company's revenues have also increased by 29.07% YoY to Rs. 2,081 crore. The company has seen returns of over 150% in share price in the past one year. 

Promoter pledges in the company have fallen, and FII holding is up. Edelweiss is expecting its book to grow at a CAGR of 21.3% to Rs.35,748 crore by FY19.

Edelweiss Financial Services Ltd. has lost -24.69% in the last 3 Months
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