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Buy Edelweiss Financial Services, target Rs 297: Manas Jaiswal

ETMarkets.com|
Sep 27, 2017, 08.41 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Edelweiss Financial Services with a target price of Rs 297.

The current market price of Edelweiss Financial Services is Rs 278.10.

Time period given by the analyst is intraday when Edelweiss Financial Services price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 264.

Edelweiss Financial Services, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 23,677.15 Crore) operating in Finance sector.

Edelweiss Financial Services key Products/Revenue Segments include Fees & Other Charges which contributed Rs 220.75 Crore to Sales Value (49 per cent of Total Sales), Income From Dividend which contributed Rs 101.02 Crore to Sales Value (22.42 per cent of Total Sales), Interest Received which contributed Rs 100.84 Crore to Sales Value (22.38 per cent of Total Sales), Other Operating Revenue which contributed Rs 26.90 Crore to Sales Value (5.97 per cent of Total Sales), Income From Real Estate Development which contributed Rs 0.65 Crore to Sales Value (0.14 per cent of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 0.28 Crore to Sales Value (0.06 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 1,846.77 Crore, down 2.64 per cent from last quarter Sales of Rs 1,896.80 Crore and up 28.42 per cent from last year same quarter Sales of Rs 1,438.04 Crore.

Company has reported net profit after tax of Rs 200.64 Crore in latest quarter.

The company's top management includes Mr.Berjis Desai, Mr.Biswamohan Mahapatra, Mr.Himanshu Kaji, Mr.Kunnasagaran Chinniah, Mr.Navtej S Nandra, Mr.P N Venkatachalam, Mr.Rashesh Shah, Mr.Rujan Panjwani, Mr.Sanjiv Misra, Mr.Sunil Mitra, Mr.Venkat Ramaswamy, Ms.Vidya Shah.

Company has BSR & Associates LLP as its auditors.

As on 31-03-2017, the company has a total of 832,569,089 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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