The company's September quarter performance was marked by a 19.5% year-on-year increase in consolidated net profit alongside rising operational revenues. Growth was visible across key segments, led by a substantial 53% surge in the asset services division. Managing Director Ashish Kehair highlighted that operating profits climbed 26% year-on-year, sustaining a high return on equity of 29%. Furthermore, the firm saw its overall cost-to-income ratio fall to 54.1% during the period.
Key points
Motilal Oswal Securities maintained a Buy rating on the stock with a sum-of-the-parts tar…: Motilal Oswal Securities maintained a Buy rating on the stock with a sum-of-the-parts target price of ₹2,160.
Net profit missed brokerage expectations by 8% as a result of the pre-closure of a ventur…: Net profit missed brokerage expectations by 8% as a result of the pre-closure of a venture debt fund.
Operational efficiency showed marked improvement as the company's cost-to-income ratio de…: Operational efficiency showed marked improvement as the company's cost-to-income ratio declined to 54.1% during the quarter.
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Nuvama Wealth Management shares rallied as much as 6.6% on Thursday, November 12, to hit an intraday high of ₹1,963.95 on the BSE after the wealth management company reported a strong performance for the September quarter of FY27. The company posted a nearly 20% year-on-year increase in consolidated net profit, supported by growth across its wealth management, asset services and capital markets businesses.
The stock is now just 5% away from its record high of ₹2,067, touched in July 2026. It had hit its 52-week low of ₹1,097.25 in March 2026. Nuvama Wealth shares have gained 1% over the past month, 11.5% in three months, 22% in six months and 29% over the last one year.
Nuvama Wealth Management reported a 19.5% year-on-year increase in consolidated net profit to ₹303.5 crore for the September quarter of FY27, compared with ₹254 crore in the corresponding period last year. Revenue from operations increased 20.35% to ₹1,366 crore in Q2 FY27 from ₹1,135 crore a year earlier.
The company's wealth management business recorded 14% year-on-year revenue growth to ₹501 crore during the quarter.…
The consumer goods giant implemented its second price revision of 2026 on its flagship cigarette brand to preserve profit margins and counter tax headwinds. This strategic pricing safeguards the company's most critical earnings driver, which generates over 30% of its tobacco sales volumes. Meanwhile, steady expansion across non-cigarette sectors like FMCG and hospitality continues to bolster the firm's broader financial stability.
Revised benchmarks from major index providers now allow massive initial offerings to join core gauges within days rather than months. This expedited entry funnels tens of billions in passive capital directly into early trading, enabling hedge funds and arbitrageurs to reliably front-run index-tracking demand. The mechanism dramatically reshapes liquidity dynamics for trillion-dollar market debuts.
Trading concluded with a modest downturn across the domestic equity market as major indices lost ground by the final bell. Investors navigated a muted session that left benchmark measures slightly in negative territory. The modest decline reflects cautious positioning among market participants during the trading day.