This Rakesh Jhunjhunwala-owned stock has zoomed 19% on heavy volume

Till 02:09 pm; a combined 37.98 million equity shares representing 4 per cent of the total equity of Edelweiss Financial changed hands on the NSE and BSE.

Shares of Edelweiss Financial Services zoomed 19 per cent to Rs 60.65 on the BSE in Thursday’s intra-day trade on the back of heavy volumes. The stock of the financial services company rebound sharply (21 per cent) from its 52-week low of Rs 50.10 touched in intra-day deal today.

At 02:09 pm; the stock traded 16 per cent higher at Rs 59.25, as compared to a 0.3 per cent decline in the S&P BSE Sensex. A combined 37.98 million equity shares representing 4 per cent of total equity of Edelweiss Financial changed hands on the NSE and BSE. The