Reviews

Review of 1 stock recommended in the past [EasyDNNnews:PaidContentStart]

NUVAMA WEALTH MANAGEMENT LTD
Ticker : 543988
FV: ₹10 
52-Week H/L: ₹8,510 / 4,567.80

We recommended Nuvama Wealth Management Ltd at Rs 7,346 per share in Vol. 42, Issue 04 (November 10, 2025). Nuvama Wealth Management, offers broking, trading, research, investment advisory, and merchant Banking services, focusing on affluent and HNI clients, with wealth, asset management, and capital markets verticals under PAG’s majority ownership. In Q2FY26, the company delivered steady results on a YoY basis, with sales rising 8 per cent to Rs 1,135 crore and EBITDA up 5 per cent at Rs 593 crore. Net profit dipped 1 per cent to Rs 254 crore, while EPS declined 2 per cent to Rs 70.47. Nuvama’s growth is driven by a strong shift toward wealth and private businesses, rising recurring assets, and expanding product-led advisory. Technology upgrades, including GenAI-based portfolio tools and enhanced family-level reporting, are deepening client engagement. Lending momentum, international expansion across Dubai and Singapore, and scaling asset management—particularly real assets and public markets—further strengthen long-term growth visibility. Hence, we recommend HOLD.

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