Edelweiss Financial nears record high; stock up 15% in one month

The stock rallied 6% to Rs 305, trading close to its all-time high of Rs 309 recorded on November 3, 2017 on the BSE, in otherwise range-bound market on Monday

Edelweiss Financial Services rallied 6% to Rs 305, trading close to its all-time high of Rs 309 recorded on November 3, 2017 on the BSE, in otherwise range-bound market on Monday.

In past one month, the stock has outperformed the market by gaining 15% as compared to 4% rise in the S&P BSE Sensex. Since May 3, 2018, post March quarter (Q4FY18) results, the stock rallied 7% against 1% rise in the benchmark index.

Edelweiss Financial Services reported a healthy 45% growth in net profit at Rs 3.08 billion in Q4FY18 over the previous year quarter. Total revenue