Edelweiss Financial rises on inking partnership pact with AccuraCap

28 Oct 2015 Evaluate

Edelweiss Financial is currently trading at Rs. 58.00, up by 1.35 points or 2.38% from its previous closing of Rs. 56.65 on the BSE.

The scrip opened at Rs. 56.55 and has touched a high and low of Rs. 58.40 and Rs. 56.55 respectively. So far 31747 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 82.25 on 27-Jan-2015 and a 52 week low of Rs. 46.90 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 59.10 and Rs. 56.50 respectively. The current market cap of the company is Rs. 4710.71 crore.

The promoters holding in the company stood at 37.89% while Institutions and Non-Institutions held 19.53% and 42.58% respectively.
Edelweiss Financial Services has entered into partnership pact with AccuraCap, a new breed of technology driven fund management company, for raising Rs 500 crore for their long-only large cap and mid/small cap schemes.

The funds will be raised from high networth individuals, family offices and domestic institutions and will be allocated through big data and behavioural analytics. This fund is Morningstar reviewed and has not only outperformed the average peer in all trailing periods, but has beaten the top performers in most periods.

Edelweiss Financial Services is India’s leading diversified financial services company. It is engaged in the business of investment banking, brokerage services, asset management and financing.

Edelweiss Financial Share Price

73.55 1.91 (2.67%)
03-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6917.60
Shriram Finance 2520.20
Aditya Birla Capital 229.45
SBI Cards AndPayment 705.30
L&T Finance 159.60
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