We initiate coverage on Edelweiss Financial Services Ltd as a BUY with a price objective of Rs 217, which represents a potential upside of 75% from the CMP of Rs 124
Overall we expect consolidated revenue to grow at CAGR of 23.6% over the period FY16-19 to Rs.9,933 crore. Consolidated PAT to grow at CAGR of 35.6% over FY16-19 to Rs.1,032 crore. RoA to expand by 68bps to 1.9% by FY19. RoE to broaden by 581bps to 17.1% by FY19....