Edelweiss gains ~2% post block deal

Shares of Edelweiss Financial Services gained 2% in intraday trade on Wednesday after 15 lakh shares of the company were traded in a block deal.

Feb 19, 2019 05:02 IST India Infoline News Service

Shares of Edelweiss Finanancial Services gained 2% in intraday trade on Tuesday after 15 lakh shares of the company were traded in a block deal.

Shares rose to a high of Rs140.60 on the BSE, a gain of Rs5.1 or ~4% as against its opening of Rs135.5.

Edelweiss Financial Services Ltd (EDEL) is a diversified financial services conglomerate with presence in wholesale/retail credit lending; capital markets; wealth management (WM); asset management (AM); asset reconstruction (AR); and insurance. The company is targeting opportunities for AR business in the second round of NCLT cases.

Edelweiss Financial Services Ltd is currently trading at Rs138.60 up by Rs2.5 or 1.84% from its previous closing of Rs136.10 on the BSE.

The scrip opened at Rs135.50 and has touched a high and low of Rs140.60 and Rs135.50 respectively. So far 21,91,001 (NSE+BSE) shares were traded on the counter.

Related Story