Edelweiss Financial break COVID level.

Zaktualizowano
Company is in the business of providing investment banking services and holding company activities comprising development, managerial and financial support to the business

stock is break 2020 covid level with good volume after long time. Going for 1st target price 80 and than 120 level.

FY22 Revenue Breakup:
Interest Income ~44%
Fee & Commission ~21%
Fair Value Changes ~10%
Premium from Insurance
Business ~24%
Others ~1%

Quarter ended June 23 Highlights

• EFSL post MI Consolidated PAT of INR 51 Cr, 96% growth YoY
• EFSL post MI Ex-Insurance PAT of INR 110 Cr, 7% growth YoY
• Revenue (consolidated) - INR 1,996 Cr

Healthy profitability and upward trend on operating metrics across businesses

• Asset Management AUM grew 27% YoY to 158,300 Cr and PAT grew 138% YoY to INR 57 Cr
• Asset Reconstruction PAT stood at INR 80 Cr, 23% growth YoY
• Credit business PAT at INR 37 Cr, 6% growth YoY
• GDPI for General Insurance business grew 31% YoY; against industry growth of 18%
• Life Insurance business records a robust AUM growth of 27% YoY

warning :-Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.
Uwaga
Target:- DONE 👍
Uwaga
Reversal from support...
1st target 80
Going for 2nd target...
Target 100 ,40% form current price
stoploss.. 60
Chart PatternsFundamental AnalysisTrend Analysis

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