Edelweiss has good value in Asset mgmt and Wealth mgmt…credit biz is an equity destroyer. ARC is avg economic characteristics. LI / GI biz are vanity businesses with no serious competitive advantages. Edelweiss as a group generates very poor return on equity so will not be highly valued anytime soon.
Trading 30% discount to its net worth.
Disc: Invested from lower levels. Planning to hold for 3 years till value discovery
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