Edelweiss Financial Services Ltd, 15% @ 90 Days

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
20TH AUGUST 2017
EDELWEISS FINANCIAL SERVICES LTD BUY POTENTIAL UPSIDE: 16.9%
CURRENT MARKET PRICE: 252.25 TARGET PRICE: 295.00
BSE Code 532922 Market Cap (Crores) 21455.02
NSE Code EDELWEISS Dividend Yield 0.40
Book Value 50.83 P/E 32.23
Face Value 1 EPS 7.82
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – AUGUST 2017
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Returns: Edelweiss Financial Services & Nifty:
Nifty: 14.0% Edelweiss Financial Services: 127.1%
Stock Resistance and Support:
1st Resistance – 270 1st Support – 235
2nd Resistance – 290 2nd Support – 215

3. 15% @ 90 DAYS – AUGUST 2017
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Quarterly Results of Edelweiss Financial Services Ltd (Rs. In Crores)
Particulars Jun 2017 Mar 2017 Dec 2016 Sep 2016
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales 1,846.77 1,896.80 1,577.16 1,552.88
Other Operating Income 41.1 32.5 28.04 39.3
Total Income From Operations 1,887.87 1,929.30 1,605.20 1,592.18
Consumption of Raw Materials -- -- -- --
Purchase of Traded Goods -- -- -- --
Increase/Decrease in Stocks -- -- -- --
Employees Cost 317.76 300.71 277.34 276.52
Depreciation 24.79 35.18 24.95 22.84
Admin. And Selling Expenses -- -- -- --
R & D Expenses -- -- -- --
Provisions And Contingencies -- -- -- --
Other Expenses 408.88 621.61 385.19 355.75
Other Income 10.17 8.28 7.27 4.42
P/L Before Int., Excpt. Items & Tax 1,146.61 980.08 924.99 941.49
Interest 810.85 725.45 676.67 708.88
P/L Before Excpt. Items & Tax 335.76 254.63 248.32 232.61
Exceptional Items -- -- -- --
P/L Before Tax 335.76 254.63 248.32 232.61
Tax 135.12 110.8 104.19 96.85
P/L After Tax 200.64 143.83 144.13 135.76
Prior Year Adjustments -- -- -- --
Net Profit/(Loss) 200.64 143.83 144.13 135.76
Minority Interest -3.88 18.88 14.65 4.93
Share of P/L of Associates -0.44 7.32 -3.6 3.73
Net P/L after M.I & Associates 196.32 170.03 155.18 144.42
Equity Share Capital 85.14 83.26 83.12 82.84
EPS 2.32 2.01 1.84 1.72
No Of Shares with Public 49,91,07,293 48,02,86,619 47,89,36,794 47,60,74,732
Public Share Holding (%) 58.62 57.69 57.62 57.47

4. 15% @ 90 DAYS – AUGUST 2017
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
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