Mumbai based financial services company Edelweiss Broking Ltd breaks its 52-week high of Apr 30, 2018, of 320.00 and touched to a new high of 324.24. Edelweiss (EQ30) on June 13, 2018. The sudden growth in the stock price of Edelweiss MF – ETF increase the possibility of going even higher.
Today, Edelweiss had a great start today and the moment it broke its 52-week high, it certainly peaks the interest of new investors.
Edelweiss is set to raise $1.6 billion to invest in stressed assets, with $600 million of it coming from Canadian pension money manager CDPQ. There has been a lot of global interest in the Indian distressed market.
We can expect to see Edelweiss to grow even more in not too distant future.