Edelweiss Financial Services said Nuvama Wealth Management is now an independent business with a focused strategy and the flexibility to attract business-specific partners and investors.

Edelweiss Financial Services shares gain 5% post corporate action. Here’s why

Edelweiss Financial Services: Nuvama will allot 1,05,28,746 equity shares of the face value of Rs. 10 each to the shareholders of Edelweiss Financial Services on proportionate basis as a consideration for demerger.

Edelweiss Financial Services shares trade ex-spin off; stock rises 5%

Infosys would announce its March quarter results at 3.45 pm, which would be followed by a press conference at 4:30 pm and a 60-minute earnings call at 6 pm IST.

Infosys to share Q4 results, dividend today; Britannia, Edelweiss Financial stocks to go ex-dividend

Wealth management company Nuvama is aiming for a listing by August this year once its demerger from Edelweiss Financial Services gets through, a top official said on Wednesday.

Nuvama Wealth aims to list by August, sets ambitious biz growth targets

The Tranche II Issue is set to open on April 6, 2023, and close on April 21, 2023.

Edelweiss Financial Services NCDs offer up to 10.46% yield; check details here

Edelweiss Financial Services on Thursday said the board of the company has approved raising up to Rs 1,500 crore through Non-convertible Debentures (NCDs) to fund business growth.

Edelweiss Financial board clears Rs 1,500 crore fund raising via NCD

According to new agency ANI, searches were underway at premises linked to the group in Mumbai since Thursday morning over suspected tax evasion. No further information was revealed regarding the same.

Edelweiss Financial Services shares take big hit, drop 7% on reports of I-T raid over tax evasion

Natco Pharma: The company’s board will meet on 8 March 2023 to consider a proposal for buyback of fully paid up equity shares of the company.

Stocks to watch: Natco Pharma, Adani Ports, Edelweiss Financial

Stocks to watch: Shares of firms like Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and others will be in focus in Friday’s trade.

Stocks to Watch: Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and Others

Stocks to watch out for today: SpiceJet, NBCC India, Vodafone Idea, NBCC India, Redington, Edelweiss Financial, The Phoenix Mills, Welspun Corp, Inox Green and more

Stocks in news: SpiceJet, NBCC India, Vodafone Idea, Inox Green and more

Stocks to watch before going into trade today.

Stocks To Watch: SpiceJet, Edelweiss Financial Services, Power Grid Corp, NBCC India

Hasn't faired well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced but is in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services.